CTS Co. (NYSE:CTS) Short Interest Down 8.4% in January

CTS Co. (NYSE:CTS - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 352,400 shares, a decrease of 8.4% from the January 15th total of 384,600 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 152,600 shares, the days-to-cover ratio is currently 2.3 days.

CTS Price Performance

Shares of CTS traded down $0.61 during trading hours on Friday, hitting $45.80. 142,774 shares of the company were exchanged, compared to its average volume of 141,052. The firm's fifty day moving average is $50.81 and its 200 day moving average is $50.23. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 24.11 and a beta of 0.59. The company has a quick ratio of 1.95, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. CTS has a fifty-two week low of $42.63 and a fifty-two week high of $59.68.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, equities analysts anticipate that CTS will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, March 28th. CTS's dividend payout ratio (DPR) is presently 8.42%.

Insider Buying and Selling at CTS

In other CTS news, CEO Kieran M. O'sullivan sold 12,794 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $55.50, for a total value of $710,067.00. Following the transaction, the chief executive officer now directly owns 400,456 shares of the company's stock, valued at $22,225,308. This represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 59,956 shares of company stock valued at $3,331,185 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of CTS

Several large investors have recently bought and sold shares of CTS. Creative Planning raised its position in CTS by 14.2% in the third quarter. Creative Planning now owns 15,040 shares of the electronics maker's stock valued at $728,000 after purchasing an additional 1,870 shares during the last quarter. Raymond James & Associates raised its position in CTS by 19.9% in the third quarter. Raymond James & Associates now owns 159,105 shares of the electronics maker's stock valued at $7,697,000 after purchasing an additional 26,376 shares during the last quarter. Versor Investments LP bought a new position in CTS in the third quarter valued at about $518,000. Royce & Associates LP raised its position in CTS by 5.4% in the third quarter. Royce & Associates LP now owns 294,513 shares of the electronics maker's stock valued at $14,249,000 after purchasing an additional 15,062 shares during the last quarter. Finally, Quest Partners LLC bought a new position in CTS in the third quarter valued at about $92,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTS has been the topic of several analyst reports. StockNews.com lowered CTS from a "buy" rating to a "hold" rating in a report on Sunday, February 9th. Scotiabank lowered CTS from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th.

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.