Earnest Partners LLC Sells 30,945 Shares of CTS Corporation $CTS

Earnest Partners LLC trimmed its holdings in CTS Corporation (NYSE:CTS) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,639,583 shares of the electronics maker’s stock after selling 30,945 shares during the period. Earnest Partners LLC owned approximately 5.49% of CTS worth $68,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CTS. Pacer Advisors Inc. boosted its holdings in shares of CTS by 17.3% in the first quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 422 shares during the period. Aristides Capital LLC boosted its stake in CTS by 7.8% in the 1st quarter. Aristides Capital LLC now owns 6,255 shares of the electronics maker’s stock worth $260,000 after purchasing an additional 450 shares during the period. Russell Investments Group Ltd. grew its holdings in CTS by 2.6% during the 1st quarter. Russell Investments Group Ltd. now owns 21,199 shares of the electronics maker’s stock valued at $881,000 after buying an additional 544 shares in the last quarter. 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 buying an additional 561 shares during the period. Finally, 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 buying an additional 571 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CTS Stock Down 0.1%

Shares of NYSE CTS opened at $42.58 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.04 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $41.64 and a 200-day moving average of $41.54. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.19 and a beta of 0.82. CTS Corporation has a 12 month low of $34.02 and a 12 month high of $59.68.

CTS (NYSE:CTS) last announced its earnings results on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. CTS had a net margin of 12.32% and a return on equity of 12.31%. The business had revenue of $135.30 million for the quarter, compared to the consensus estimate of $132.65 million. During the same period last year, the firm posted $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Sell-side analysts expect that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, September 26th will be given a $0.04 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.16 annualized dividend and a yield of 0.4%. CTS’s payout ratio is 7.55%.

CTS 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.