CTS Co. (NYSE:CTS) Short Interest Update
CTS Co. (NYSE:CTS – Get Free Report) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 984,700 shares, an increase of 34.4% from the November 15th total of 732,900 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 159,700 shares, the days-to-cover ratio is presently 6.2 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its stake in shares of CTS by 0.6% in the 3rd quarter. Alliancebernstein L.P. now owns 41,082 shares of the electronics maker’s stock valued at $1,711,000 after buying an additional 258 shares during the period. FMR LLC lifted its stake in CTS by 39.1% in the first quarter. FMR LLC now owns 986 shares of the electronics maker’s stock worth $49,000 after acquiring an additional 277 shares during the last quarter. US Bancorp DE lifted its stake in CTS by 1.5% in the first quarter. US Bancorp DE now owns 18,766 shares of the electronics maker’s stock worth $928,000 after acquiring an additional 282 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of CTS by 6.6% during the 2nd quarter. ProShare Advisors LLC now owns 4,906 shares of the electronics maker’s stock worth $209,000 after purchasing an additional 303 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of CTS by 0.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,530 shares of the electronics maker’s stock worth $2,797,000 after purchasing an additional 304 shares during the last quarter. 92.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CTS shares. Stephens lowered their price objective on shares of CTS from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. StockNews.com lowered CTS from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Check Out Our Latest Research Report on CTS
CTS Trading Up 0.4 %
CTS stock traded up $0.16 during midday trading on Friday, reaching $42.77. 1,810,495 shares of the stock traded hands, compared to its average volume of 182,367. The company has a 50-day simple moving average of $39.67 and a two-hundred day simple moving average of $42.10. CTS has a 12-month low of $35.50 and a 12-month high of $49.59. The firm has a market cap of $1.33 billion, a PE ratio of 22.51 and a beta of 0.64. The company has a current ratio of 3.23, a quick ratio of 2.60 and a debt-to-equity ratio of 0.15.
CTS (NYSE:CTS – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The electronics maker reported $0.54 EPS for the quarter. CTS had a net margin of 10.59% and a return on equity of 14.15%. The business had revenue of $134.55 million during the quarter. Research analysts expect that CTS will post 2.2 earnings per share for the current fiscal year.
CTS Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be issued a $0.04 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.37%. CTS’s dividend payout ratio (DPR) is presently 8.42%.
CTS Company Profile (Get Free Report)
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider CTS, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and CTS wasn’t on the list.
While CTS currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
Original: MarketBeat News Feed: CTS Co. (NYSE:CTS) Short Interest Update