18,172 Shares in CTS Corporation $CTS Bought by 1ST Source Bank

Key Points

• 1ST Source Bank acquired 18,172 CTS shares during the second quarter, worth approximately $1.185 million and representing about 0.06% of the company. Institutional investors and hedge funds collectively owned 96.87% of CTS.
• Analyst sentiment remains positive overall, with CTS carrying a consensus “Moderate Buy” rating despite some recent upgrades and downgrades.
• CTS reported quarterly EPS of $0.74, beating estimates of $0.61, while revenue reached $144.78 million. Shares opened at $63.54, near their 12-month high of $69.55.

1ST Source Bank acquired a new stake in CTS Corporation (NYSE:CTS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,172 shares of the electronics maker's stock, valued at approximately $1,185,000. 1ST Source Bank owned approximately 0.06% of CTS at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CTS. Bank of New York Mellon Corp acquired a new position in shares of CTS during the 2nd quarter worth approximately $14,716,000. 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 buying an additional 7,144 shares during the last quarter. Jane Street Group LLC grew its stake in shares of 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 in the last quarter. Seizert Capital Partners LLC bought a new position in shares of CTS in the fourth quarter valued at $2,202,000. Finally, Lazard Asset Management LLC increased its holdings in CTS by 4.3% during the second quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker's stock worth $1,349,000 after buying an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CTS. Zacks Research cut CTS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Weiss Ratings raised CTS from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of CTS from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

CTS Trading Up 0.1%

Shares of CTS stock opened at $63.54 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. CTS Corporation has a 12-month low of $36.03 and a 12-month high of $69.55. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.46 and a beta of 1.05. The firm's 50-day moving average price is $63.40 and its two-hundred day moving average price is $57.69.

CTS (NYSE:CTS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.13. The firm had revenue of $144.78 million during the quarter, compared to analysts' expectations of $143.43 million. CTS had a net margin of 12.37% and a return on equity of 13.48%. During the same quarter in the prior year, the business earned $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. On average, analysts forecast that CTS Corporation will post 2.72 earnings per share for the current fiscal year.

CTS Profile

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.

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