CTS (NYSE:CTS) Sets New 1-Year Low – What’s Next?

Shares of CTS Co. (NYSE:CTS) reached a new 52-week low during trading on Tuesday . The company traded as low as $41.23 and last traded at $41.37, with a volume of 873 shares changing hands. The stock had previously closed at $41.55.

Analyst Upgrades and Downgrades

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

CTS Stock Performance

The firm’s 50-day simple moving average is $45.33 and its two-hundred day simple moving average is $49.50. 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 $1.25 billion, a PE ratio of 21.95 and a beta of 0.57.

CTS (NYSE:CTS) last issued its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share 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, equities research analysts expect that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s dividend payout ratio (DPR) is 8.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CTS by 11.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,154 shares of the electronics maker’s stock worth $3,330,000 after buying an additional 6,269 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of CTS by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker’s stock worth $411,000 after acquiring an additional 800 shares in the last quarter. ProShare Advisors LLC boosted its position in CTS by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 9,072 shares of the electronics maker’s stock valued at $478,000 after purchasing an additional 2,786 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CTS by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker’s stock valued at $903,000 after purchasing an additional 651 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in CTS by 111.4% in the 4th quarter. Lazard Asset Management LLC now owns 35,055 shares of the electronics maker’s stock worth $1,848,000 after purchasing an additional 18,473 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.