CTS Corporation $CTS Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of CTS Corporation (NYSE:CTS) by 357.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,571 shares of the electronics maker’s stock after buying an additional 24,666 shares during the period. SG Americas Securities LLC owned about 0.11% of CTS worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its stake in CTS by 12.1% in the second 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 during the last quarter. Lazard Asset Management LLC increased its holdings in shares of CTS by 4.3% in the 2nd quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock worth $1,349,000 after acquiring an additional 1,299 shares during the period. Rhumbline Advisers lifted its position in CTS by 3.0% in the 2nd quarter. Rhumbline Advisers now owns 89,595 shares of the electronics maker’s stock valued at $3,818,000 after purchasing an additional 2,577 shares during the last quarter. Strs Ohio bought a new stake in CTS in the 1st quarter valued at about $440,000. Finally, Jane Street Group LLC boosted its stake in CTS by 19.0% during the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after purchasing an additional 9,530 shares during the period. 96.87% of the stock is currently owned by institutional investors.

CTS Trading Down 0.1%

Shares of NYSE:CTS opened at $48.34 on Friday. The company has a 50 day moving average of $43.84 and a 200-day moving average of $42.08. The company has a current ratio of 2.64, a quick ratio of 2.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.40 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.26 and a beta of 0.91. CTS Corporation has a twelve month low of $34.02 and a twelve month high of $53.28.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, October 28th. The electronics maker reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $142.97 million for the quarter, compared to analyst estimates of $136.40 million. CTS had a net margin of 11.14% and a return on equity of 11.92%. CTS has set its FY 2025 guidance at 2.200-2.250 EPS. As a group, analysts anticipate that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS announced that its Board of Directors has approved a stock repurchase program on Friday, November 7th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 8.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

CTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, December 26th will be issued a $0.04 dividend. The ex-dividend date is Friday, December 26th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. CTS’s dividend payout ratio is 8.12%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of CTS in a research note on Wednesday, October 8th. Wall Street Zen cut CTS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.