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

Key Points

• CTS Corporation received an upgrade from a "buy" rating to a "strong-buy" rating by analysts at Wall Street Zen.
• The company's shares traded down by 1.0% to $39.31, with a market capitalization of $1.16 billion.
• CTS reported earnings of $0.57 per share for the last quarter, surpassing analysts' expectations, and set its FY 2025 guidance at 2.200-2.350 EPS.

CTS (NYSE:CTS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

CTS Trading Down 1.0%

Shares of CTS traded down $0.38 during trading hours on Friday, hitting $39.31. The stock had a trading volume of 192,739 shares, compared to its average volume of 160,503. The company's fifty day simple moving average is $41.23 and its 200 day simple moving average is $41.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.04 and a current ratio of 2.61. The firm has a market cap of $1.16 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.11 and a beta of 0.83. CTS has a 12-month low of $34.02 and a 12-month high of $59.68.

CTS (NYSE:CTS - Get Free Report) last announced its earnings results on Thursday, July 24th. The electronics maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. CTS had a return on equity of 12.31% and a net margin of 12.32%.The firm had revenue of $135.30 million for the quarter, compared to analysts' expectations of $132.65 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. CTS has set its FY 2025 guidance at 2.200-2.350 EPS. Equities research analysts forecast that CTS will post 2.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CTS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CTS by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,154 shares of the electronics maker's stock valued at $3,330,000 after buying an additional 6,269 shares during the period. GAMMA Investing LLC grew its holdings in shares of CTS by 81.3% in the first quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker's stock worth $53,000 after purchasing an additional 571 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in CTS by 11.4% in the fourth quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker's stock valued at $411,000 after acquiring an additional 800 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of CTS by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 158,729 shares of the electronics maker's stock valued at $6,595,000 after buying an additional 3,711 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of CTS by 19.5% in the 1st quarter. Handelsbanken Fonder AB now owns 9,185 shares of the electronics maker's stock worth $382,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

About CTS

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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