CTS (NYSE:CTS - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.
CTS Price Performance
Shares of NYSE:CTS traded down $0.09 during midday trading on Friday, reaching $41.49. The company's stock had a trading volume of 134,936 shares, compared to its average volume of 161,027. The business's fifty day simple moving average is $41.93 and its 200-day simple moving average is $43.75. The company has a market capitalization of $1.24 billion, a P/E ratio of 20.95 and a beta of 0.80. CTS has a fifty-two week low of $34.02 and a fifty-two week high of $59.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.63 and a quick ratio of 2.05.
CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). The business had revenue of $125.77 million for the quarter, compared to the consensus estimate of $128.72 million. CTS had a return on equity of 12.32% and a net margin of 11.70%. As a group, equities research analysts expect that CTS will post 2.28 EPS for the current fiscal year.
Hedge Funds Weigh In On CTS
A number of hedge funds and other institutional investors have recently modified their holdings of CTS. Pacer Advisors Inc. increased its holdings in CTS by 17.3% in the first quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker's stock valued at $119,000 after buying an additional 422 shares in the last quarter. Aristides Capital LLC raised its holdings in shares of CTS by 7.8% in the 1st quarter. Aristides Capital LLC now owns 6,255 shares of the electronics maker's stock valued at $260,000 after purchasing an additional 450 shares in the last quarter. Bank of Montreal Can raised its stake in CTS by 7.0% during the 4th quarter. Bank of Montreal Can now owns 6,995 shares of the electronics maker's stock worth $369,000 after acquiring an additional 458 shares in the last quarter. Russell Investments Group Ltd. raised its stake in CTS by 2.6% during the 1st quarter. Russell Investments Group Ltd. now owns 21,199 shares of the electronics maker's stock worth $881,000 after acquiring an additional 544 shares in the last quarter. Finally, Quarry LP grew its position in CTS by 572.4% during the 4th quarter. Quarry LP now owns 659 shares of the electronics maker's stock worth $35,000 after purchasing an additional 561 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.
CTS Company Profile
(
Get Free Report)
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.
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