CTS Corporation (NYSE:CTS) Short Interest Update

CTS Corporation (NYSE:CTS) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 541,775 shares, a growth of 23.7% from the February 26th total of 438,101 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 263,682 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

CTS Price Performance

Shares of CTS traded up $1.26 during trading hours on Wednesday, hitting $49.02. 22,018 shares of the stock were exchanged, compared to its average volume of 197,913. The stock’s 50-day moving average price is $51.26 and its two-hundred day moving average price is $45.57. CTS has a 12-month low of $34.02 and a 12-month high of $59.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 2.30. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 1.21 and a beta of 0.88.

CTS (NYSE:CTS) last announced its quarterly earnings data on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. CTS had a return on equity of 12.14% and a net margin of 12.07%.The company had revenue of $137.27 million for the quarter, compared to analyst estimates of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Research analysts expect that CTS will post 2.28 earnings per share for the current year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, March 27th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, March 27th. CTS’s dividend payout ratio is currently 7.31%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in shares of CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 710 shares in the last quarter. SG Americas Securities LLC boosted its stake in CTS by 90.9% during the second quarter. SG Americas Securities LLC now owns 6,905 shares of the electronics maker’s stock worth $294,000 after buying an additional 3,287 shares during the last quarter. Entropy Technologies LP purchased a new stake in CTS in the 3rd quarter valued at $341,000. Captrust Financial Advisors grew its holdings in CTS by 12.1% in the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after buying an additional 876 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after acquiring an additional 1,558 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.