CTS (NYSE:CTS) Raised to “Strong-Buy” at Wall Street Zen

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

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

CTS Stock Up 0.7%

Shares of NYSE CTS opened at $53.76 on Friday. The stock has a market cap of $1.56 billion, a PE ratio of 24.55, a P/E/G ratio of 1.39 and a beta of 0.89. The company has a current ratio of 2.30, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. CTS has a 12-month low of $34.02 and a 12-month high of $59.66. The company has a 50-day moving average of $49.08 and a 200 day moving average of $44.16.

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

CTS declared that its Board of Directors has authorized a stock repurchase program on Friday, November 7th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the electronics maker to repurchase up to 8.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On CTS

Several large investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of CTS by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 89,595 shares of the electronics maker’s stock worth $3,818,000 after purchasing an additional 2,577 shares during the period. Tudor Investment Corp ET AL lifted its position 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 buying an additional 43,341 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CTS by 11.3% during 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 during the period. Jane Street Group LLC boosted its stake in CTS by 19.0% during 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 during the period. Finally, Seizert Capital Partners LLC acquired a new stake in shares of CTS during the fourth quarter valued at about $2,202,000. 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.