CTS (NYSE:CTS) Raised to “Buy” at Wall Street Zen

CTS (NYSE:CTS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

CTS Stock Down 2.1%

Shares of NYSE:CTS opened at $39.63 on Thursday. CTS has a 12-month low of $34.02 and a 12-month high of $59.68. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $39.88 and its two-hundred day moving average price is $46.98. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 20.86 and a beta of 0.76.

CTS (NYSE:CTS) last released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 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 for the quarter, compared to analyst estimates of $128.72 million. On average, research analysts forecast that CTS will post 2.28 EPS for the current year.

Institutional Investors Weigh In On CTS

Large investors have recently made changes to their positions in the business. Quarry LP boosted 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 period. Meeder Asset Management Inc. acquired a new stake in shares of CTS in the first quarter valued at about $37,000. Smartleaf Asset Management LLC lifted its position in CTS by 608.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 633 shares in the last quarter. GAMMA Investing LLC boosted its holdings in CTS by 81.3% in the 1st quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker’s stock worth $53,000 after acquiring an additional 571 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in CTS by 581.7% in the 1st quarter. Versant Capital Management Inc now owns 1,793 shares of the electronics maker’s stock worth $74,000 after acquiring an additional 1,530 shares during the period. 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.