Wall Street Zen Downgrades CTS (NYSE:CTS) to Buy

CTS (NYSE:CTS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, CTS currently has an average rating of “Hold”.

CTS Trading Down 0.3%

Shares of NYSE:CTS opened at $39.65 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. CTS has a 52-week low of $34.02 and a 52-week high of $59.68. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.11 and a beta of 0.84. The business has a 50-day moving average price of $41.09 and a 200-day moving average price of $40.93.

CTS (NYSE:CTS) last issued its quarterly earnings results on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. CTS had a net margin of 12.32% and a return on equity of 12.31%. The company had revenue of $135.30 million for the quarter, compared to the consensus estimate of $132.65 million. During the same quarter in the prior year, the company earned $0.54 EPS. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Equities analysts predict that CTS will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in CTS by 81.3% during the first quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker’s stock worth $53,000 after acquiring an additional 571 shares during the period. Principal Financial Group Inc. raised its position in shares of CTS by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 158,729 shares of the electronics maker’s stock worth $6,595,000 after purchasing an additional 3,711 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of CTS by 19.5% during the 1st quarter. Handelsbanken Fonder AB now owns 9,185 shares of the electronics maker’s stock worth $382,000 after purchasing an additional 1,500 shares during the last quarter. Nuveen LLC purchased a new position in CTS in the 1st quarter valued at about $3,655,000. Finally, Pacer Advisors Inc. boosted its holdings in CTS by 17.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker’s stock worth $119,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.