Annex Advisory Services LLC Has $1.23 Million Holdings in CTS Co. (NYSE:CTS)

Annex Advisory Services LLC grew its holdings in CTS Co. (NYSE:CTS) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,345 shares of the electronics maker’s stock after acquiring an additional 2,270 shares during the quarter. Annex Advisory Services LLC owned 0.08% of CTS worth $1,233,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates acquired a new stake in shares of CTS in the 4th quarter valued at about $935,000. Louisiana State Employees Retirement System bought a new stake in CTS in the 4th quarter valued at approximately $682,000. Handelsbanken Fonder AB acquired a new position in CTS during the 4th quarter worth approximately $209,000. State of New Jersey Common Pension Fund D grew its stake in shares of CTS by 21.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 63,888 shares of the electronics maker’s stock worth $2,794,000 after acquiring an additional 11,079 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of CTS by 13.9% in the fourth quarter. Russell Investments Group Ltd. now owns 15,340 shares of the electronics maker’s stock valued at $671,000 after purchasing an additional 1,871 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Martin Baumeister sold 5,733 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $52.39, for a total value of $300,351.87. Following the completion of the sale, the senior vice president now directly owns 19,811 shares of the company’s stock, valued at $1,037,898.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

CTS Stock Down 0.4 %

CTS stock traded down $0.18 during mid-day trading on Friday, reaching $45.54. The company had a trading volume of 101,836 shares, compared to its average volume of 157,294. CTS Co. has a 52 week low of $35.50 and a 52 week high of $55.47. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.79 and a beta of 0.59. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.41 and a quick ratio of 2.71. The stock has a 50 day simple moving average of $50.63 and a two-hundred day simple moving average of $47.87.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, July 30th. The electronics maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. CTS had a net margin of 10.70% and a return on equity of 11.98%. The business had revenue of $130.16 million for the quarter, compared to the consensus estimate of $133.33 million. During the same period in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities analysts predict that CTS Co. will post 2.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of CTS from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st.

CTS Company 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.