Barclays PLC Buys 41,164 Shares of CTS Co. (NYSE:CTS)

Barclays PLC raised its position in shares of CTS Co. (NYSE:CTS) by 256.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,238 shares of the electronics maker’s stock after acquiring an additional 41,164 shares during the period. Barclays PLC owned approximately 0.19% of CTS worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Point Inc. grew its holdings in CTS by 2.1% during the 3rd quarter. Trust Point Inc. now owns 12,861 shares of the electronics maker’s stock valued at $622,000 after purchasing an additional 270 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of CTS by 5.8% during the second quarter. AQR Capital Management LLC now owns 5,637 shares of the electronics maker’s stock valued at $285,000 after buying an additional 308 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CTS by 132.5% in the third quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock worth $28,000 after buying an additional 334 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of CTS by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,372 shares of the electronics maker’s stock worth $778,000 after acquiring an additional 444 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in CTS during the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Price Performance

Shares of CTS stock opened at $53.42 on Wednesday. CTS Co. has a twelve month low of $40.09 and a twelve month high of $59.68. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $53.22 and a two-hundred day simple moving average of $50.45. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.54 and a beta of 0.60.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $132.42 million during the quarter. CTS had a net margin of 11.66% and a return on equity of 12.39%. During the same period last year, the company earned $0.54 earnings per share. On average, analysts predict that CTS Co. will post 2.15 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, December 27th. CTS’s dividend payout ratio (DPR) is 8.25%.

Insiders Place Their Bets

In other CTS news, CEO Kieran M. O’sullivan sold 6,690 shares of CTS stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $55.83, for a total value of $373,502.70. Following the transaction, the chief executive officer now owns 375,643 shares in the company, valued at $20,972,148.69. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 59,956 shares of company stock worth $3,331,185 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTS. Scotiabank lowered CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com downgraded shares of CTS from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

About CTS

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.