CTS (NYSE:CTS) Rating Lowered to “Buy” at Wall Street Zen

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 to clients and investors on Saturday.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Zacks Research downgraded CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, CTS currently has a consensus rating of “Moderate Buy”.

CTS Stock Performance

Shares of NYSE:CTS opened at $66.35 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.07 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $63.57 and a 200-day moving average price of $57.20. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.05. CTS has a 12 month low of $36.03 and a 12 month high of $69.55.

CTS (NYSE:CTS) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.13. CTS had a return on equity of 13.48% and a net margin of 12.37%.The company had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. During the same period last year, the firm earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, equities analysts anticipate that CTS will post 2.72 EPS for the current year.

Institutional Trading of CTS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in CTS during the 2nd quarter valued at approximately $33,000. Parallel Advisors LLC raised its position in shares of CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 1,058 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CTS by 29.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 239 shares during the period. Trust Co. of Vermont purchased a new position in shares of CTS in the 2nd quarter valued at approximately $98,000. Finally, Royal Bank of Canada boosted its position in shares of CTS by 11.2% during the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 710 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

About CTS

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.