Mercer Global Advisors Inc. ADV Acquires New Stake in CTS Co. (CTS)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of CTS Co. (NYSE:CTS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,263 shares of the electronics maker’s stock, valued at approximately $499,000. Mercer Global Advisors Inc. ADV owned 0.06% of CTS at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of CTS by 0.4% during the fourth quarter. BlackRock Inc. now owns 4,902,097 shares of the electronics maker’s stock valued at $126,916,000 after buying an additional 19,563 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CTS by 3.1% during the third quarter. Vanguard Group Inc. now owns 1,937,181 shares of the electronics maker’s stock valued at $66,446,000 after buying an additional 58,317 shares during the last quarter. Vanguard Group Inc grew its stake in shares of CTS by 3.1% during the third quarter. Vanguard Group Inc now owns 1,937,181 shares of the electronics maker’s stock valued at $66,446,000 after buying an additional 58,317 shares during the last quarter. Northern Trust Corp grew its stake in shares of CTS by 0.5% during the fourth quarter. Northern Trust Corp now owns 1,234,621 shares of the electronics maker’s stock valued at $31,964,000 after buying an additional 5,610 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of CTS by 2.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 525,629 shares of the electronics maker’s stock valued at $13,609,000 after buying an additional 11,069 shares during the last quarter. Institutional investors and hedge funds own 94.78% of the company’s stock.

Separately, Zacks Investment Research cut CTS from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th.

CTS opened at $31.74 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 20.75 and a beta of 1.32. CTS Co. has a one year low of $24.07 and a one year high of $39.20. The company has a current ratio of 2.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.13.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, February 5th. The electronics maker reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. CTS had a return on equity of 14.09% and a net margin of 9.89%. The company had revenue of $120.10 million for the quarter, compared to analysts’ expectations of $117.00 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. CTS’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that CTS Co. will post 1.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, March 15th were paid a $0.04 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.16 annualized dividend and a yield of 0.50%. CTS’s dividend payout ratio (DPR) is currently 10.46%.

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CTS 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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