Is CTS Corporation (CTS) a Worthy Investment?
Chartwell Investment Partners, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Chartwell Small Cap Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund outperformed in the quarter relative to its benchmark Russell 2000 Value Index. Among the sectors, Financial Services, Healthcare, and Energy were the strongest, and the interest-sensitive REITs and Utilities sectors were the weakest performers in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Tower Advisers highlighted stocks like CTS Corporation (NYSE:CTS) in its Q3 2022 investor letter. Headquartered in Lisle, Illinois, CTS Corporation (NYSE:CTS) is a sensor, actuators, and connectivity components manufacturer. On December 29, 2022, CTS Corporation (NYSE:CTS) stock closed at $39.61 per share. One-month return of CTS Corporation (NYSE:CTS) was -7.50%, and its shares gained 7.99% of their value over the last 52 weeks. CTS Corporation (NYSE:CTS) has a market capitalization of $1.263 billion.
Carillon Tower Advisers made the following comment about CTS Corporation (NYSE:CTS) in its Q3 2022 investor letter:
“CTS Corporation (NYSE:CTS) designs and manufactures electronic components and sensors for original equipment manufacturers in a variety of end markets. It reported strong revenue growth in the prior quarter and may also have attracted investors seeking profitable technology companies with durable business models.”
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CTS Corporation (NYSE:CTS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held CTS Corporation (NYSE:CTS) at the end of the third quarter, which was 9 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
