CTS Corporation (NYSE:CTS) Sees Large Drop in Short Interest

CTS Corporation (NYSE:CTS) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 438,101 shares, a decline of 24.4% from the February 12th total of 579,500 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 236,604 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 236,604 shares, the short-interest ratio is currently 1.9 days. Currently, 1.6% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages have weighed in on CTS. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CTS presently has a consensus rating of “Hold”.

CTS Trading Up 0.5%

Shares of NYSE:CTS traded up $0.23 during mid-day trading on Monday, hitting $46.02. The company had a trading volume of 128,111 shares, compared to its average volume of 203,530. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 1.82. CTS has a one year low of $34.02 and a one year high of $59.66. The firm has a fifty day moving average price of $51.04 and a 200 day moving average price of $45.13. The company has a market capitalization of $1.32 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. CTS had a net margin of 12.07% and a return on equity of 12.14%. The business 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. As a group, research analysts forecast that CTS will post 2.28 EPS for the current year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, March 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. CTS’s dividend payout ratio (DPR) is currently 7.31%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Horizon Investments LLC boosted its holdings in CTS by 4.7% in the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock worth $604,000 after acquiring an additional 631 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after acquiring an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CTS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after purchasing an additional 785 shares during the period. Captrust Financial Advisors raised its position in shares of CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares during the period. Finally, Amundi lifted its holdings in shares of CTS by 9.7% in the 1st quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,019 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

CTS Company Profile

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.