CTS (NYSE:CTS) Lowered to Hold Rating by Zacks Research

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

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

CTS Stock Performance

Shares of CTS opened at $65.25 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $62.09 and a two-hundred day simple moving average of $53.90. The stock 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 has a 52 week low of $36.03 and a 52 week high of $69.55.

CTS (NYSE:CTS) last posted 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 for the quarter, compared to analysts’ expectations 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. On average, analysts expect that CTS will post 2.43 EPS for the current year.

Institutional Trading of CTS

A number of institutional investors and hedge funds have recently bought and sold shares of CTS. Tudor Investment Corp ET AL boosted its holdings in shares of CTS by 103.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock valued at $3,406,000 after purchasing 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 shares of 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 buying an additional 7,144 shares in the last quarter. Jane Street Group LLC lifted its position in shares of 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 buying an additional 9,530 shares in the last quarter. Seizert Capital Partners LLC bought a new position in CTS during the fourth quarter valued at approximately $2,202,000. Finally, Lazard Asset Management LLC grew its holdings in CTS by 4.3% during the 2nd quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock valued at $1,349,000 after buying an additional 1,299 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

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.