CTS (NYSE:CTS) Rating Increased to Strong-Buy at Wall Street Zen

CTS (NYSE:CTS) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

CTS Stock Performance

Shares of CTS stock opened at $53.76 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.30 and a debt-to-equity ratio of 0.10. CTS has a 52 week low of $34.02 and a 52 week high of $59.66. The firm’s 50 day moving average is $49.08 and its two-hundred day moving average is $44.09. The firm has a market capitalization of $1.56 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.38 and a beta of 0.89.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $137.27 million during the quarter, compared to analysts’ expectations of $135.86 million. CTS had a net margin of 12.07% and a return on equity of 12.14%. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Research analysts forecast that CTS will post 2.28 EPS for the current fiscal year.

CTS declared that its board has approved a share repurchase plan on Friday, November 7th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 8.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On CTS

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings 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 worth $292,000 after buying an additional 710 shares during the last quarter. SG Americas Securities LLC lifted its position in CTS by 90.9% during the 2nd quarter. SG Americas Securities LLC now owns 6,905 shares of the electronics maker’s stock worth $294,000 after acquiring an additional 3,287 shares during the period. Entropy Technologies LP purchased a new position in shares of CTS in the 3rd quarter valued at approximately $341,000. Captrust Financial Advisors increased 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, AQR Capital Management LLC increased its holdings in shares of CTS by 19.4% in the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after purchasing an additional 1,558 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

About CTS

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.