Smartleaf Asset Management LLC Grows Stock Position in CTS Co. (NYSE:CTS)

Smartleaf Asset Management LLC boosted its holdings in CTS Co. (NYSE:CTS) by 608.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 737 shares of the electronics maker’s stock after acquiring an additional 633 shares during the period. Smartleaf Asset Management LLC’s holdings in CTS were worth $39,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. KBC Group NV lifted its stake in shares of CTS by 58.2% in the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker’s stock valued at $90,000 after purchasing an additional 630 shares during the last quarter. Quest Partners LLC acquired a new position in CTS in the third quarter valued at about $92,000. Atria Wealth Solutions Inc. purchased a new position in CTS during the fourth quarter worth about $214,000. Raymond James Trust N.A. increased its position in shares of CTS by 13.6% during the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock valued at $270,000 after acquiring an additional 669 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of CTS by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,807 shares of the electronics maker’s stock valued at $281,000 after acquiring an additional 2,011 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

CTS Trading Down 1.1 %

Shares of NYSE CTS opened at $42.56 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.28 billion, a PE ratio of 22.40 and a beta of 0.57. CTS Co. has a twelve month low of $41.90 and a twelve month high of $59.68. The stock has a fifty day simple moving average of $48.25 and a 200-day simple moving average of $50.04.

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

CTS Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.38%. CTS’s dividend payout ratio (DPR) is presently 8.42%.

CTS 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.