AlphaQuest LLC Acquires 8,279 Shares of CTS Corporation $CTS

AlphaQuest LLC increased its position in shares of CTS Corporation (NYSE:CTS) by 5,999.3% during the first quarter, HoldingsChannel.com reports. The firm owned 8,417 shares of the electronics maker’s stock after buying an additional 8,279 shares during the period. AlphaQuest LLC’s holdings in CTS were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP increased its position in shares of CTS by 572.4% during the fourth quarter. Quarry LP now owns 659 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 561 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of CTS during the first quarter valued at approximately $37,000. GAMMA Investing LLC increased its position in shares of CTS by 81.3% during the first quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 571 shares during the period. Versant Capital Management Inc increased its position in shares of CTS by 581.7% during the first quarter. Versant Capital Management Inc now owns 1,793 shares of the electronics maker’s stock valued at $74,000 after purchasing an additional 1,530 shares during the period. Finally, Larson Financial Group LLC bought a new stake in shares of CTS during the first quarter valued at approximately $75,000. 96.87% of the stock is currently owned by institutional investors.

CTS Price Performance

CTS stock opened at $42.58 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.04 and a current ratio of 2.61. The firm has a market cap of $1.26 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.19 and a beta of 0.82. The business’s fifty day moving average is $41.64 and its two-hundred day moving average is $41.54. CTS Corporation has a 52 week low of $34.02 and a 52 week high of $59.68.

CTS (NYSE:CTS) last posted its quarterly earnings data on Thursday, July 24th. The electronics maker reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $135.30 million for the quarter, compared to analyst estimates of $132.65 million. CTS had a return on equity of 12.31% and a net margin of 12.32%.During the same quarter in the previous year, the firm earned $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Equities research analysts forecast that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, September 26th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. CTS’s payout ratio is currently 7.55%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded CTS from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About CTS

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.