CTS Co. (NYSE:CTS) Short Interest Update

CTS Co. (NYSE:CTS) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 776,100 shares, a decline of 6.7% from the September 30th total of 831,900 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 145,300 shares, the short-interest ratio is presently 5.3 days.

CTS Stock Up 2.1 %

NYSE:CTS opened at $50.76 on Thursday. The company has a market cap of $1.56 billion, a PE ratio of 29.86 and a beta of 0.57. CTS has a twelve month low of $35.50 and a twelve month high of $55.47. The company has a current ratio of 3.41, a quick ratio of 2.85 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $47.81 and its two-hundred day moving average is $49.15.

CTS (NYSE:CTS) last released its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. CTS had a net margin of 10.70% and a return on equity of 11.98%. The company had revenue of $132.42 million for the quarter. During the same period in the prior year, the firm posted $0.54 EPS. Analysts anticipate that CTS will post 2.15 EPS for the current year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, September 27th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Friday, September 27th. CTS’s payout ratio is 9.41%.

Wall Street Analyst Weigh In

CTS has been the topic of a number of analyst reports. Scotiabank downgraded shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th.

Institutional Trading of CTS

Institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in CTS during the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC lifted its stake in CTS by 132.5% during the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 334 shares during the period. Canada Pension Plan Investment Board acquired a new stake in CTS during the 2nd quarter valued at approximately $41,000. Central Pacific Bank Trust Division acquired a new position in shares of CTS in the 1st quarter valued at $46,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of CTS in the 2nd quarter valued at $157,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Company Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.