ValuEngine lowered shares of CTS (NYSE:CTS) from a hold rating to a sell rating in a research note released on Monday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the company. Cowen started coverage on Littelfuse in a research note on Tuesday, May 21st. They issued an outperform rating and a $210.00 price target on the stock. Zacks Investment Research cut i3 Verticals from a hold rating to a sell rating in a research note on Friday, March 15th. Finally, Gabelli restated a hold rating on shares of Rockwell Automation in a research note on Friday, April 26th.

CTS traded down $0.16 during trading hours on Monday, reaching $27.13. The company’s stock had a trading volume of 75,500 shares, compared to its average volume of 151,277. CTS has a 52 week low of $24.07 and a 52 week high of $38.00. The company’s 50-day simple moving average is $27.60. The company has a current ratio of 2.48, a quick ratio of 2.05 and a debt-to-equity ratio of 0.19. The firm has a market cap of $917.65 million, a price-to-earnings ratio of 17.87 and a beta of 1.29.

CTS (NYSE:CTS) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. CTS had a return on equity of 14.21% and a net margin of 9.78%. The business had revenue of $117.60 million for the quarter, compared to analysts’ expectations of $115.90 million. During the same quarter in the prior year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts predict that CTS will post 1.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 21st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, June 20th. CTS’s dividend payout ratio (DPR) is presently 10.46%.

A number of hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund acquired a new position in CTS in the fourth quarter valued at $326,000. First Trust Advisors LP acquired a new position in CTS in the fourth quarter valued at $1,845,000. BlackRock Inc. increased its stake in CTS by 0.4% in the fourth quarter. BlackRock Inc. now owns 4,902,097 shares of the electronics maker’s stock valued at $126,916,000 after purchasing an additional 19,563 shares during the period. Texas Permanent School Fund increased its stake in CTS by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 21,652 shares of the electronics maker’s stock valued at $561,000 after purchasing an additional 834 shares during the period. Finally, Northern Trust Corp increased its stake in CTS by 0.5% in the fourth quarter. Northern Trust Corp now owns 1,234,621 shares of the electronics maker’s stock valued at $31,964,000 after purchasing an additional 5,610 shares during the period. Hedge funds and other institutional investors own 94.29% of the company’s stock.

CTS Company Profile

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

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