Wall Street Zen Upgrades CTS (NYSE:CTS) to Strong-Buy

CTS (NYSE:CTS) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CTS has an average rating of “Hold”.

CTS Price Performance

CTS stock opened at $53.76 on Friday. The company’s 50 day simple moving average is $49.08 and its 200-day simple moving average is $44.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 2.30. CTS has a 1 year low of $34.02 and a 1 year high of $59.66. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89.

CTS (NYSE:CTS) last posted its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. CTS had a net margin of 12.07% and a return on equity of 12.14%. The firm had revenue of $137.27 million during the quarter, compared to the consensus estimate of $135.86 million. CTS has set its FY 2026 guidance at 2.300-2.450 EPS. As a group, equities research analysts expect that CTS will post 2.28 earnings per share for the current year.

CTS declared that its Board of Directors has approved a share buyback program on Friday, November 7th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the electronics maker to purchase up to 8.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of CTS by 3.0% in the 2nd quarter. Rhumbline Advisers now owns 89,595 shares of the electronics maker’s stock valued at $3,818,000 after purchasing an additional 2,577 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in shares of CTS by 103.4% during the third quarter. Tudor Investment Corp ET AL now owns 85,266 shares of the electronics maker’s stock worth $3,406,000 after purchasing an additional 43,341 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CTS by 11.3% in the first 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 increased its holdings 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. Finally, Seizert Capital Partners LLC acquired a new stake in CTS in the fourth quarter valued at $2,202,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Company 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.