Deutsche Bank AG Lowers Stake in CTS Corporation $CTS

Deutsche Bank AG cut its stake in CTS Corporation (NYSE:CTS) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,020 shares of the electronics maker’s stock after selling 2,458 shares during the period. Deutsche Bank AG owned about 0.08% of CTS worth $956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP boosted its position in CTS by 572.4% in 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 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 boosted its holdings in shares of CTS by 81.3% in 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 grew its stake in CTS by 581.7% in the first quarter. Versant Capital Management Inc now owns 1,793 shares of the electronics maker’s stock worth $74,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in CTS in the first quarter worth approximately $75,000. Institutional investors own 96.87% of the company’s stock.

CTS Price Performance

Shares of CTS opened at $43.5520 on Monday. 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 company has a 50 day moving average price of $41.58 and a 200-day moving average price of $41.55. CTS Corporation has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The stock has a market capitalization of $1.28 billion, a PE ratio of 20.54, a PEG ratio of 1.21 and a beta of 0.82.

CTS (NYSE:CTS) last issued its quarterly earnings data on Thursday, July 24th. The electronics maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 12.32% and a return on equity of 12.31%. During the same period last year, the company posted $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Equities analysts predict that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

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

Analysts Set New Price Targets

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