CTS (NYSE:CTS) Upgraded at Wall Street Zen

CTS (NYSE:CTS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Thursday.

CTS Stock Down 0.7%

CTS traded down $0.31 on Thursday, hitting $40.70. The company had a trading volume of 36,077 shares, compared to its average volume of 171,537. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 21.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.95 and a current ratio of 2.50. The stock has a fifty day moving average price of $39.98 and a 200-day moving average price of $47.15. CTS has a 12-month low of $34.02 and a 12-month high of $59.68.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). CTS had a return on equity of 12.67% and a net margin of 11.27%. The firm had revenue of $125.77 million during the quarter, compared to analysts' expectations of $128.72 million. Analysts predict that CTS will post 2.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC boosted its position in CTS by 19.0% in the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker's stock valued at $2,480,000 after buying an additional 9,530 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CTS by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker's stock valued at $2,921,000 after acquiring an additional 7,144 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CTS by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker's stock worth $744,000 after acquiring an additional 785 shares during the period. AQR Capital Management LLC increased its stake 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 worth $398,000 after acquiring an additional 1,558 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of CTS by 23.9% during the first quarter. Advisors Asset Management Inc. now owns 17,597 shares of the electronics maker's stock worth $731,000 after purchasing an additional 3,396 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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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