Trust Point Inc. Trims Stock Holdings in CTS Co. (NYSE:CTS)

Trust Point Inc. lowered its position in CTS Co. (NYSE:CTS) by 44.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,153 shares of the electronics maker’s stock after selling 5,708 shares during the period. Trust Point Inc.’s holdings in CTS were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 valued at $28,000 after purchasing an additional 334 shares during the period. KBC Group NV increased its holdings in shares of CTS by 58.2% in the fourth 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 period. Quest Partners LLC acquired a new position in shares of CTS in the third quarter valued at approximately $92,000. Sei Investments Co. acquired a new position in shares of CTS in the second quarter valued at approximately $263,000. Finally, Raymond James Trust N.A. increased its holdings in shares of CTS by 13.6% in the third quarter. Raymond James Trust N.A. now owns 5,587 shares of the electronics maker’s stock valued at $270,000 after purchasing an additional 669 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Trading Up 1.8 %

Shares of CTS stock opened at $47.90 on Thursday. The business’s fifty day moving average price is $52.94 and its 200 day moving average price is $50.58. CTS Co. has a 1-year low of $42.20 and a 1-year high of $59.68. The firm has a market capitalization of $1.44 billion, a PE ratio of 24.69 and a beta of 0.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91.

CTS (NYSE:CTS) last announced its quarterly earnings data 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 return on equity of 12.39% and a net margin of 11.66%. As a group, sell-side analysts forecast that CTS Co. will post 2.15 EPS for the current fiscal year.

Analyst Ratings Changes

CTS has been the topic of a number of recent research reports. StockNews.com raised CTS from a “hold” rating to a “buy” rating in a report on Saturday, February 1st. Scotiabank lowered CTS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.

Insider Buying and Selling

In other CTS news, CEO Kieran M. O’sullivan sold 12,794 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $55.50, for a total transaction of $710,067.00. Following the sale, the chief executive officer now directly owns 400,456 shares in the company, valued at approximately $22,225,308. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 59,956 shares of company stock valued at $3,331,185 over the last quarter. Company insiders own 2.30% of the company’s stock.

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.