CTS (NYSE:CTS) Upgraded at Zacks Research

CTS (NYSE:CTS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Wall Street Zen raised CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “hold (c)” rating on shares of CTS in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

CTS Stock Up 0.8%

CTS stock opened at $59.89 on Wednesday. The stock has a market cap of $1.71 billion, a P/E ratio of 25.59, a P/E/G ratio of 1.53 and a beta of 1.01. 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. The company’s 50-day moving average price is $53.25 and its two-hundred day moving average price is $49.36.

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

Hedge Funds Weigh In On CTS

A number of hedge funds have recently added to or reduced their stakes in the stock. Entropy Technologies LP bought a new position in CTS during the 1st quarter worth $387,000. Parallel Advisors LLC increased its position in shares of CTS by 308.5% in the first quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after purchasing an additional 1,058 shares during the period. State of Tennessee Department of Treasury raised its stake in CTS by 21.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock valued at $1,125,000 after purchasing an additional 4,658 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in CTS during the fourth quarter worth about $2,202,000. Finally, Horizon Investments LLC lifted its position in CTS by 4.7% during the fourth quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock worth $604,000 after purchasing an additional 631 shares during the period. Institutional investors own 96.87% of the company’s stock.

CTS Company Profile

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.