Ashish Agrawal Sells 800 Shares of CTS Co. (NYSE:CTS) Stock

CTS Co. (NYSE:CTS) CFO Ashish Agrawal sold 800 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $47.00, for a total value of $37,600.00. Following the sale, the chief financial officer now owns 127,977 shares in the company, valued at approximately $6,014,919. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ashish Agrawal also recently made the following trade(s):

• On Thursday, March 28th, Ashish Agrawal sold 4,504 shares of CTS stock. The shares were sold at an average price of $47.10, for a total value of $212,138.40.

CTS Stock Performance

CTS stock opened at $44.36 on Wednesday. The company has a quick ratio of 2.67, a current ratio of 3.29 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $45.14 and its two-hundred day simple moving average is $42.40. CTS Co. has a twelve month low of $35.50 and a twelve month high of $47.90. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 23.10 and a beta of 0.61.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 6th. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. CTS had a return on equity of 13.41% and a net margin of 11.00%. The business had revenue of $124.69 million for the quarter, compared to analyst estimates of $124.51 million. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was down 12.4% compared to the same quarter last year. Analysts predict that CTS Co. will post 2.3 earnings per share for the current year.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.36%. CTS’s payout ratio is 8.33%.

Institutional Trading of CTS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in CTS by 245.5% in the fourth quarter. Parallel Advisors LLC now owns 577 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 410 shares during the period. Tower Research Capital LLC TRC grew its position in shares of CTS by 140.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 728 shares of the electronics maker’s stock worth $36,000 after buying an additional 425 shares in the last quarter. FMR LLC grew its position in shares of CTS by 39.1% during the 1st quarter. FMR LLC now owns 986 shares of the electronics maker’s stock worth $49,000 after buying an additional 277 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of CTS during the 2nd quarter worth $56,000. Finally, Quadrant Capital Group LLC grew its position in shares of CTS by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,636 shares of the electronics maker’s stock worth $72,000 after buying an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

CTS has been the topic of several recent research reports. TD Cowen increased their price target on CTS from $38.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Sidoti lowered CTS from a “buy” rating to a “neutral” rating and set a $46.00 price target on the stock. in a report on Wednesday, February 7th.

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.