Insider Selling: CTS Co. (NYSE:CTS) CEO Sells 2,746 Shares of Stock

CTS Co. (NYSE:CTSGet Rating) CEO Kieran M. O’sullivan sold 2,746 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $47.00, for a total value of $129,062.00. Following the sale, the chief executive officer now directly owns 498,035 shares of the company’s stock, valued at $23,407,645. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

CTS Price Performance

NYSE CTS traded down $0.06 during trading hours on Wednesday, hitting $46.17. The company had a trading volume of 45,939 shares, compared to its average volume of 154,640. CTS Co. has a 52 week low of $31.07 and a 52 week high of $47.04. The firm has a 50 day simple moving average of $41.70 and a 200 day simple moving average of $41.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.16 and a current ratio of 2.68. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 27.68 and a beta of 0.71.

CTS (NYSE:CTSGet Rating) last issued its earnings results on Wednesday, October 26th. The electronics maker reported $0.62 EPS for the quarter. CTS had a return on equity of 16.10% and a net margin of 9.32%. The business had revenue of $151.91 million during the quarter. Equities research analysts expect that CTS Co. will post 2.45 earnings per share for the current year.

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 9th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.35%. CTS’s dividend payout ratio (DPR) is presently 9.58%.

Analysts Set New Price Targets

CTS has been the subject of several recent research reports. StockNews.com initiated coverage on CTS in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Jefferies Financial Group initiated coverage on CTS in a report on Tuesday, November 22nd. They issued a “hold” rating and a $44.00 price objective for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CTS currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Institutional Trading of CTS

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. bought a new stake in shares of CTS during the 2nd quarter valued at about $35,000. Lazard Asset Management LLC purchased a new position in shares of CTS during the 2nd quarter valued at about $40,000. Quadrant Capital Group LLC raised its holdings in shares of CTS by 516.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,030 shares of the electronics maker’s stock valued at $43,000 after buying an additional 863 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of CTS during the 2nd quarter valued at about $56,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in CTS in the 3rd quarter worth approximately $82,000. Institutional investors own 95.61% of the company’s stock.

CTS Company Profile

(Get Rating)

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

Further Reading

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