Short Interest in CTS Corporation (NYSE:CTS) Rises By 52.9%

CTS Corporation (NYSE:CTS) 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.

Analyst Ratings Changes

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

CTS Stock Performance

Shares of CTS stock traded up $0.63 during trading on Monday, reaching $57.55. 144,980 shares of the company’s stock were exchanged, compared to its average volume of 195,158. The stock has a market capitalization of $1.67 billion, a PE ratio of 26.28, a PEG ratio of 1.49 and a beta of 0.89. CTS has a twelve month low of $34.02 and a twelve month high of $59.66. The company has a quick ratio of 1.82, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $48.01 and its 200-day moving average price is $43.59.

CTS (NYSE:CTS) last released its earnings results 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 firm had revenue of $137.27 million during the quarter, compared to the consensus estimate of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. As a group, sell-side analysts anticipate that CTS will post 2.28 EPS for the current year.

CTS declared that its Board of Directors has approved a stock buyback program on Friday, November 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to repurchase up to 8.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

CTS Dividend Announcement

The business also recently announced 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. 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 (DPR) is currently 7.31%.

Hedge Funds Weigh In On CTS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in 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 buying an additional 710 shares during the period. SG Americas Securities LLC grew its position in shares of CTS by 90.9% during the 2nd 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 period. Entropy Technologies LP bought a new stake in shares of CTS in the 3rd quarter valued at $341,000. Captrust Financial Advisors lifted its position in shares of CTS by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after acquiring an additional 876 shares during the period. Finally, AQR Capital Management LLC boosted its stake in CTS by 19.4% during the first 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 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.