Municipal Employees Retirement System of Michigan Has $731,000 Stake in CTS Corporation (CTS)

Municipal Employees Retirement System of Michigan raised its position in CTS Corporation (NYSE:CTS) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,350 shares of the electronics maker’s stock after buying an additional 200 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in CTS Corporation were worth $731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTS. Teachers Advisors LLC raised its position in shares of CTS Corporation by 4.3% in the fourth quarter. Teachers Advisors LLC now owns 50,754 shares of the electronics maker’s stock worth $1,137,000 after buying an additional 2,094 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of CTS Corporation by 30.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 23,660 shares of the electronics maker’s stock worth $504,000 after buying an additional 5,470 shares during the period. Norges Bank acquired a new position in shares of CTS Corporation during the fourth quarter worth about $9,041,000. Russell Investments Group Ltd. acquired a new position in shares of CTS Corporation during the fourth quarter worth about $3,331,000. Finally, LS Investment Advisors LLC raised its position in shares of CTS Corporation by 554.7% in the first quarter. LS Investment Advisors LLC now owns 7,477 shares of the electronics maker’s stock worth $159,000 after buying an additional 6,335 shares during the period. Institutional investors own 92.18% of the company’s stock.

Institutional Ownership by Quarter for CTS Corporation (NYSE:CTS)

CTS Corporation (NYSE:CTS) traded down 0.93% during mid-day trading on Tuesday, hitting $21.35. The stock had a trading volume of 2,099 shares. CTS Corporation has a 1-year low of $16.35 and a 1-year high of $24.80. The firm has a market cap of $701.37 million, a P/E ratio of 20.53 and a beta of 1.20. The stock has a 50 day moving average of $21.43 and a 200-day moving average of $21.89.

CTS Corporation (NYSE:CTS) last issued its quarterly earnings data on Thursday, April 27th. The electronics maker reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $100.10 million for the quarter, compared to the consensus estimate of $100.72 million. CTS Corporation had a return on equity of 11.60% and a net margin of 8.75%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Analysts predict that CTS Corporation will post $1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 23rd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, June 21st. CTS Corporation’s payout ratio is presently 15.24%.

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Separately, HSBC Holdings plc downgraded CTS Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th.

CTS Corporation Company Profile

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CTS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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