Metropolitan Life Insurance Co. NY Raises Position in CTS Co. (NYSE:CTS)

Metropolitan Life Insurance Co. NY boosted its position in CTS Co. (NYSE:CTS) by 344.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,784 shares of the electronics maker’s stock after purchasing an additional 8,356 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in CTS were worth $279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LS Investment Advisors LLC increased its position in CTS by 253.1% in the fourth quarter. LS Investment Advisors LLC now owns 3,513 shares of the electronics maker’s stock worth $91,000 after buying an additional 2,518 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of CTS by 44.8% in the fourth quarter. Bank of Montreal Can now owns 3,875 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 1,199 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of CTS by 152.1% in the third quarter. Advisors Asset Management Inc. now owns 5,742 shares of the electronics maker’s stock worth $197,000 after acquiring an additional 3,464 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of CTS in the third quarter worth $300,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of CTS by 45.6% in the fourth quarter. Squarepoint Ops LLC now owns 11,606 shares of the electronics maker’s stock worth $300,000 after acquiring an additional 3,634 shares during the period. 95.10% of the stock is owned by institutional investors and hedge funds.

NYSE:CTS traded up $0.48 during trading hours on Friday, hitting $30.29. 80,699 shares of the company’s stock traded hands, compared to its average volume of 150,276. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.48. CTS Co. has a 52 week low of $24.07 and a 52 week high of $39.20. The firm has a market capitalization of $995.21 million, a price-to-earnings ratio of 19.80 and a beta of 1.30.

CTS (NYSE:CTS) last released its quarterly earnings data on Thursday, April 25th. The electronics maker reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $117.60 million for the quarter, compared to the consensus estimate of $115.90 million. CTS had a return on equity of 14.21% and a net margin of 9.78%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities analysts forecast that CTS Co. will post 1.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, March 15th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.53%. CTS’s dividend payout ratio is presently 10.46%.

CTS has been the subject of several research analyst reports. Zacks Investment Research lowered CTS from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. Gabelli reissued a “hold” rating on shares of CTS in a research note on Friday, April 26th.

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CTS Company Profile

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

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Institutional Ownership by Quarter for CTS (NYSE:CTS)

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