CTS (NYSE:CTS) Stock Rating Lowered by Zacks Research

CTS (NYSE:CTS) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

CTS Trading Up 1.1%

Shares of CTS opened at $65.25 on Monday. The stock has a fifty day moving average price of $62.09 and a two-hundred day moving average price of $53.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. CTS has a 52-week low of $36.03 and a 52-week high of $69.55. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.66 and a beta of 1.04.

CTS (NYSE:CTS) last posted its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The company had revenue of $139.23 million for 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. Analysts predict that CTS will post 2.43 EPS for the current fiscal year.

Hedge Funds Weigh In On CTS

Several hedge funds have recently added to or reduced their stakes in CTS. Tudor Investment Corp ET AL boosted its holdings 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 valued at $3,406,000 after acquiring an additional 43,341 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CTS by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock valued at $2,921,000 after purchasing an additional 7,144 shares during the period. Jane Street Group LLC lifted its position in CTS by 19.0% during the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after purchasing an additional 9,530 shares during the period. Seizert Capital Partners LLC bought a new position in shares of CTS in the 4th quarter valued at about $2,202,000. Finally, Lazard Asset Management LLC boosted its stake in shares of CTS by 4.3% in the 2nd quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock valued at $1,349,000 after purchasing an additional 1,299 shares during the last quarter. 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.