CTS Co. (CTS) Given Consensus Rating of “Hold” by Brokerages

CTS Co. (NYSE:CTS) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 12 month consensus price target of $30.50 for the company, according to Zacks. Zacks has also assigned CTS an industry rank of 94 out of 257 based on the ratings given to related companies.

Separately, ValuEngine lowered CTS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.

Shares of CTS stock traded up $0.01 during mid-day trading on Monday, reaching $29.01. 159,810 shares of the stock were exchanged, compared to its average volume of 148,341. The stock has a market capitalization of $959.52 million, a P/E ratio of 23.59 and a beta of 1.36. The company has a quick ratio of 1.86, a current ratio of 2.26 and a debt-to-equity ratio of 0.13. CTS has a fifty-two week low of $25.08 and a fifty-two week high of $39.20.

CTS (NYSE:CTS) last posted its quarterly earnings data on Thursday, October 25th. The electronics maker reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $118.86 million during the quarter. CTS had a net margin of 3.33% and a return on equity of 14.11%. On average, equities analysts anticipate that CTS will post 1.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, December 28th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, December 27th. CTS’s dividend payout ratio is presently 13.01%.

Several institutional investors have recently made changes to their positions in CTS. Vanguard Group Inc. increased its position in CTS by 3.1% in the third quarter. Vanguard Group Inc. now owns 1,937,181 shares of the electronics maker’s stock worth $66,446,000 after buying an additional 58,317 shares in the last quarter. Morgan Stanley increased its position in CTS by 141.6% in the third quarter. Morgan Stanley now owns 194,377 shares of the electronics maker’s stock worth $6,668,000 after buying an additional 113,919 shares in the last quarter. Legal & General Group Plc increased its position in CTS by 7.2% in the third quarter. Legal & General Group Plc now owns 75,323 shares of the electronics maker’s stock worth $2,577,000 after buying an additional 5,037 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in CTS by 40.9% in the third quarter. TIAA CREF Investment Management LLC now owns 149,951 shares of the electronics maker’s stock worth $5,143,000 after buying an additional 43,513 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in CTS by 2.5% in the third quarter. Teachers Advisors LLC now owns 99,982 shares of the electronics maker’s stock worth $3,429,000 after buying an additional 2,406 shares in the last quarter. 93.37% of the stock is owned by hedge funds and other institutional investors.

CTS Company Profile

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.

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