4,053 Shares in CTS Co. (NYSE:CTS) Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. purchased a new position in CTS Co. (NYSE:CTS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,053 shares of the electronics maker’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP grew its holdings in shares of CTS by 23.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,993,863 shares of the electronics maker’s stock worth $96,463,000 after acquiring an additional 374,104 shares during the period. Geode Capital Management LLC grew its holdings in shares of CTS by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 806,180 shares of the electronics maker’s stock worth $39,010,000 after acquiring an additional 33,449 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of CTS by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,602 shares of the electronics maker’s stock worth $18,655,000 after acquiring an additional 9,674 shares during the period. Royce & Associates LP grew its holdings in shares of CTS by 5.4% in the 3rd quarter. Royce & Associates LP now owns 294,513 shares of the electronics maker’s stock worth $14,249,000 after acquiring an additional 15,062 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of CTS by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 155,018 shares of the electronics maker’s stock worth $8,174,000 after acquiring an additional 4,004 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Buying and Selling at CTS

In other CTS news, CEO Kieran M. O’sullivan sold 31,978 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.81, for a total transaction of $1,784,692.18. Following the transaction, the chief executive officer now owns 423,665 shares of the company’s stock, valued at $23,644,743.65. This represents a 7.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 59,956 shares of company stock worth $3,331,185. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CTS from a “buy” rating to a “hold” rating in a report on Sunday, February 9th.

CTS Price Performance

Shares of NYSE:CTS opened at $44.59 on Friday. The business’s fifty day moving average price is $49.67 and its two-hundred day moving average price is $50.25. The stock has a market cap of $1.34 billion, a PE ratio of 23.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. CTS Co. has a one year low of $42.63 and a one year high of $59.68.

CTS (NYSE:CTS) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, analysts forecast that CTS Co. will post 2.28 EPS for the current fiscal year.

CTS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s dividend payout ratio (DPR) is presently 8.42%.

CTS Company Profile

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.