Old West Investment Management LLC Purchases New Position in CTS Corporation $CTS

Old West Investment Management LLC acquired a new position in CTS Corporation (NYSE:CTS) during the second quarter, Holdings Channel reports. The institutional investor acquired 33,814 shares of the electronics maker’s stock, valued at approximately $2,204,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after acquiring an additional 710 shares in the last quarter. Amundi raised its holdings in shares of CTS by 9.7% during the 1st quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 1,019 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after purchasing an additional 1,558 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CTS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after purchasing an additional 785 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CTS by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CTS shares. Wall Street Zen downgraded shares of CTS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

CTS Stock Performance

NYSE:CTS opened at $63.54 on Monday. The firm has a market capitalization of $1.81 billion, a PE ratio of 26.70, a PEG ratio of 1.46 and a beta of 1.05. CTS Corporation has a 1 year low of $36.03 and a 1 year high of $69.55. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $63.40 and its 200 day simple moving average is $57.69.

CTS (NYSE:CTS) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13. CTS had a net margin of 12.37% and a return on equity of 13.48%. The firm had revenue of $144.78 million during the quarter, compared to analyst estimates of $143.43 million. During the same quarter in the previous year, the business earned $0.62 EPS. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, sell-side analysts anticipate that CTS Corporation will post 2.72 EPS for the current year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, September 25th will be paid a $0.04 dividend. The ex-dividend date is Friday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. CTS’s payout ratio is presently 6.72%.

CTS 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.