CTS Corporation (NYSE:CTS) Short Interest Up 23.7% in March

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CTS shares. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reiterated 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.com, CTS has a consensus rating of “Hold”.

Institutional Trading of CTS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Seizert Capital Partners LLC purchased a new position in CTS during the 4th quarter valued at $2,202,000. Tudor Investment Corp ET AL lifted its position in shares of CTS by 103.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after purchasing an additional 43,341 shares during the period. SG Americas Securities LLC boosted its stake in shares of CTS by 357.2% during the 3rd quarter. SG Americas Securities LLC now owns 31,571 shares of the electronics maker’s stock valued at $1,261,000 after purchasing an additional 24,666 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of 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 in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of CTS during the third quarter valued at about $341,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Trading Down 2.3%

Shares of CTS stock traded down $1.09 during mid-day trading on Monday, reaching $46.75. The stock had a trading volume of 137,167 shares, compared to its average volume of 202,008. The company has a current ratio of 2.30, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $51.26 and its two-hundred day moving average price is $45.53. The firm has a market capitalization of $1.34 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. CTS has a 52-week low of $34.02 and a 52-week high of $59.66.

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

CTS Announces Dividend

The firm 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 dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. CTS’s payout ratio is 7.31%.

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.