AlphaQuest LLC Has $350,000 Holdings in CTS Corporation $CTS

Key Points

• AlphaQuest LLC significantly increased its stake in CTS Corporation by 5,999.3%, holding shares valued at approximately $350,000 after acquiring an additional 8,279 shares.
• CTS Corporation's recent quarterly earnings surpassed expectations with $0.57 EPS, exceeding the consensus estimate of $0.55, and reported revenues of $135.30 million for the quarter.
• The company has announced a quarterly dividend of $0.04 per share, set to be paid to investors of record on September 26th, highlighting a 0.4% yield with a payout ratio of 7.55%.

AlphaQuest LLC boosted its holdings in shares of CTS Corporation (NYSE:CTS - Free Report) by 5,999.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,417 shares of the electronics maker's stock after acquiring an additional 8,279 shares during the quarter. AlphaQuest LLC's holdings in CTS were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in CTS by 17.3% during the 1st 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. Russell Investments Group Ltd. boosted its position in CTS by 2.6% during the 1st quarter. Russell Investments Group Ltd. now owns 21,199 shares of the electronics maker's stock worth $881,000 after acquiring an additional 544 shares during the period. Quarry LP lifted its holdings in shares of CTS by 572.4% during the 4th 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 last quarter. GAMMA Investing LLC lifted its holdings in shares of CTS by 81.3% during the 1st 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CTS by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker's stock valued at $903,000 after buying an additional 651 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Stock Down 0.1%

Shares of CTS stock opened at $42.58 on Thursday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.19 and a beta of 0.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 2.04. CTS Corporation has a 52-week low of $34.02 and a 52-week high of $59.68. The stock has a 50-day simple moving average of $41.64 and a 200-day simple moving average of $41.54.

CTS (NYSE:CTS - Get Free Report) last posted its earnings results on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. CTS had a return on equity of 12.31% and a net margin of 12.32%.The firm had revenue of $135.30 million during the quarter, compared to analyst estimates of $132.65 million. During the same period in the previous year, the company earned $0.54 EPS. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. On average, equities research 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 issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 26th. CTS's payout ratio is 7.55%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded CTS from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CTS currently has a consensus rating of "Hold".

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.

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