CTS Corporation (NYSE:CTS) Sees Significant Increase in Short Interest

CTS Corporation (NYSE:CTSGet Free Report) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 591,426 shares, a growth of 52.9% from the January 15th total of 386,704 shares. Based on an average trading volume of 195,659 shares, the short-interest ratio is presently 3.0 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average trading volume of 195,659 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CTS. Horizon Investments LLC boosted its stake in shares of CTS by 4.7% in the 4th quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock valued at $604,000 after purchasing an additional 631 shares during the last quarter. Royal Bank of Canada boosted its position 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 worth $292,000 after buying an additional 710 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CTS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after acquiring an additional 785 shares in the last quarter. Captrust Financial Advisors increased its stake 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 during the last quarter. Finally, Amundi increased its position in shares of CTS by 9.7% in the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after acquiring an additional 1,019 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

CTS Price Performance

Shares of CTS stock traded up $0.63 during trading on Friday, hitting $57.55. 144,980 shares of the company’s stock traded hands, compared to its average volume of 194,427. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 2.12. The company has a market cap of $1.67 billion, a PE ratio of 26.28, a PEG ratio of 1.48 and a beta of 0.89. CTS has a twelve month low of $34.02 and a twelve month high of $59.66. The firm’s fifty day moving average price is $48.01 and its 200 day moving average price is $43.55.

CTS (NYSE:CTSGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The electronics maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. CTS had a return on equity of 12.14% and a net margin of 12.07%.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. Analysts forecast that CTS will post 2.28 earnings per share for the current year.

CTS announced that its board has authorized a share buyback plan on Friday, November 7th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the electronics maker to repurchase up to 8.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

CTS Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CTS has a consensus rating of “Hold”.

Read Our Latest Stock Report on CTS

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About CTS

(Get Free Report)

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.

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