CTS (NYSE:CTS) Raised to Strong-Buy at Zacks Research

CTS (NYSE:CTSGet Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also weighed in on CTS. Wall Street Zen upgraded CTS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Get Our Latest Report on CTS

CTS Trading Up 0.8%

Shares of CTS stock opened at $59.89 on Wednesday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.53 and a beta of 1.01. The business has a 50-day moving average price of $53.25 and a 200-day moving average price of $49.36. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. CTS has a twelve month low of $36.03 and a twelve month high of $62.02.

CTS (NYSE:CTSGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. The firm had revenue of $139.23 million during the quarter, compared to analyst estimates of $136.83 million. CTS had a return on equity of 12.90% and a net margin of 12.46%.CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Equities research analysts anticipate that CTS will post 2.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL grew its position in CTS by 103.4% in the third quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after acquiring an additional 43,341 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CTS by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after acquiring an additional 7,144 shares in the last quarter. Jane Street Group LLC grew its position in CTS by 19.0% in the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock worth $2,480,000 after acquiring an additional 9,530 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in CTS in the fourth quarter worth about $2,202,000. Finally, Lazard Asset Management LLC grew its position in CTS by 4.3% in the second quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock worth $1,349,000 after acquiring an additional 1,299 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Company Profile

(Get Free Report)

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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