CTS (NYSE:CTS) Rating Lowered to “Hold” at Zacks Research

CTS (NYSE:CTS) was downgraded by equities researchers 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 restated a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, CTS currently has an average rating of “Hold”.

CTS Stock Performance

Shares of NYSE:CTS opened at $65.25 on Monday. The firm has a fifty day simple moving average of $62.09 and a two-hundred day simple moving average of $53.90. CTS has a 52 week low of $36.03 and a 52 week high of $69.55. 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 stock has a market capitalization of $1.87 billion, a P/E ratio of 27.89, a PEG ratio of 1.66 and a beta of 1.04.

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, beating analysts’ consensus estimates of $0.52 by $0.10. The business had revenue of $139.23 million for the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CTS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTS. Horizon Investments LLC boosted its position in CTS by 4.7% in the 4th quarter. Horizon Investments LLC now owns 14,084 shares of the electronics maker’s stock valued at $604,000 after buying an additional 631 shares during the period. Royal Bank of Canada raised its stake 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 acquiring an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CTS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after acquiring an additional 785 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of CTS by 12.1% in the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 876 shares during the period. Finally, Amundi grew its stake in CTS by 9.7% in the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,019 shares in 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.