Jupiter Topco LLC Purchases New Position in CTS Corporation $CTS

Key Points

• Jupiter Topco LLC purchased 180,419 CTS shares worth approximately $11.8 million, giving it a 0.63% stake. Institutional investors collectively own 96.87% of the company.
• Analysts have recently downgraded CTS, with the consensus rating now at “Hold.” The stock opened at $56.53, down 2%, compared with a 52-week range of $36.03 to $69.55.
• CTS exceeded quarterly expectations, reporting $0.74 in earnings per share on $144.78 million in revenue. The company also announced a quarterly dividend of $0.04 per share, representing a 0.3% yield.

Jupiter Topco LLC purchased a new stake in CTS Corporation (NYSE:CTS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 180,419 shares of the electronics maker's stock, valued at approximately $11,762,000. Jupiter Topco LLC owned 0.63% of CTS as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada grew its position in shares of CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock valued at $292,000 after purchasing an additional 710 shares during the last quarter. Amundi lifted its holdings in CTS by 9.7% during the 1st quarter. Amundi now owns 11,542 shares of the electronics maker's stock worth $480,000 after purchasing an additional 1,019 shares during the last quarter. AQR Capital Management LLC lifted its holdings in CTS by 19.4% during the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker's stock worth $398,000 after purchasing an additional 1,558 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CTS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker's stock valued at $744,000 after purchasing an additional 785 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CTS by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker's stock valued at $2,921,000 after purchasing an additional 7,144 shares during the period. Institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTS. Wall Street Zen cut CTS from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research cut shares of CTS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Finally, Weiss Ratings downgraded shares of CTS from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, CTS has a consensus rating of "Hold".

CTS Stock Down 2.0%

NYSE CTS opened at $56.53 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.30 and a beta of 1.05. The company has a 50 day moving average of $61.80 and a 200-day moving average of $58.03. CTS Corporation has a 1-year low of $36.03 and a 1-year high of $69.55.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.13. CTS had a return on equity of 13.48% and a net margin of 12.37%.The business had revenue of $144.78 million for the quarter, compared to the consensus estimate of $143.43 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, equities research analysts expect that CTS Corporation will post 2.72 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, October 23rd. Stockholders of record on Friday, September 25th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 25th. CTS's dividend payout ratio is 6.72%.

CTS Company Profile

CTS Corporation NYSE: CTS is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company's core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.

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