CTS (NYSE:CTS) Upgraded at StockNews.com

CTS (NYSE:CTS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

CTS Trading Down 4.4 %

CTS stock traded down $1.98 during midday trading on Monday, reaching $42.68. 148,738 shares of the stock traded hands, compared to its average volume of 141,576. The firm has a market cap of $1.28 billion, a PE ratio of 22.46 and a beta of 0.59. 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 company has a 50-day simple moving average of $49.47 and a two-hundred day simple moving average of $50.25. CTS has a 12-month low of $42.48 and a 12-month high of $59.68.

CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. Research analysts expect that CTS will post 2.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kieran M. O’sullivan sold 6,690 shares of CTS stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $55.83, for a total value of $373,502.70. Following the completion of the transaction, the chief executive officer now owns 375,643 shares in the company, valued at $20,972,148.69. The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 27,978 shares of company stock valued at $1,546,493 in the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CTS

A number of hedge funds and other institutional investors have recently modified their holdings of CTS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CTS by 11.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,154 shares of the electronics maker’s stock valued at $3,330,000 after buying an additional 6,269 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of CTS by 11.4% during the 4th quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker’s stock worth $411,000 after acquiring an additional 800 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of CTS by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 9,072 shares of the electronics maker’s stock worth $478,000 after acquiring an additional 2,786 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CTS by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker’s stock worth $903,000 after acquiring an additional 651 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in CTS by 111.4% during the fourth quarter. Lazard Asset Management LLC now owns 35,055 shares of the electronics maker’s stock worth $1,848,000 after purchasing an additional 18,473 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Company Profile

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.