ProShare Advisors LLC Has $241,000 Stock Holdings in CTS Co. (NYSE:CTS)

ProShare Advisors LLC lessened its holdings in CTS Co. (NYSE:CTS) by 23.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,763 shares of the electronics maker’s stock after selling 1,487 shares during the quarter. ProShare Advisors LLC’s holdings in CTS were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in CTS by 245.5% in the fourth quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 410 shares during the last quarter. Innealta Capital LLC bought a new position in shares of CTS in the 2nd quarter worth $27,000. Canada Pension Plan Investment Board bought a new position in shares of CTS in the 2nd quarter worth $41,000. Central Pacific Bank Trust Division acquired a new stake in shares of CTS during the first quarter worth $46,000. Finally, Hantz Financial Services Inc. bought a new stake in CTS in the second quarter valued at about $157,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CTS from a “buy” rating to a “hold” rating in a research report on Monday, September 16th.

CTS Price Performance

Shares of CTS stock opened at $48.12 on Friday. CTS Co. has a 12-month low of $35.50 and a 12-month high of $55.47. The company has a quick ratio of 2.85, a current ratio of 3.41 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.31 and a beta of 0.57. The firm has a fifty day moving average of $47.31 and a 200-day moving average of $48.79.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $130.16 million for the quarter, compared to analysts’ expectations of $133.33 million. CTS had a return on equity of 11.98% and a net margin of 10.70%. CTS’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. On average, equities research analysts forecast that CTS Co. will post 2.15 earnings per share for the current year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, September 27th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.33%. CTS’s payout ratio is 9.41%.

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.