CTS (NYSE:CTS) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of CTS (NYSE:CTS) from a strong-buy rating to a buy rating in a report published on Saturday.

CTS has been the topic of a number of other reports. Weiss Ratings upgraded CTS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Zacks Research lowered CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CTS presently has a consensus rating of “Moderate Buy”.

CTS Trading Up 0.1%

Shares of CTS stock opened at $66.35 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.07 and a current ratio of 2.61. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.52 and a beta of 1.05. CTS has a 52-week low of $36.03 and a 52-week high of $69.55. The company has a 50-day simple moving average of $63.57 and a two-hundred day simple moving average of $57.14.

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

CTS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, June 26th. CTS’s payout ratio is 6.72%.

Institutional Trading of CTS

A number of large investors have recently bought and sold shares of CTS. Royal Bank of Canada lifted its position in shares of CTS by 11.2% during the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after buying an additional 710 shares during the last quarter. Amundi lifted its holdings in CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 1,019 shares during the last quarter. AQR Capital Management LLC boosted its position in CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after purchasing an additional 1,558 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CTS by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock worth $744,000 after purchasing an additional 785 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 purchasing an additional 7,144 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other 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.