BidaskClub downgraded shares of MTS Systems (NASDAQ:MTSC) from a buy rating to a hold rating in a report issued on Wednesday morning.
MTSC has been the topic of a number of other research reports. B. Riley set a $70.00 price objective on MTS Systems and gave the company a buy rating in a report on Tuesday, February 6th. Zacks Investment Research raised MTS Systems from a hold rating to a buy rating and set a $54.00 price objective on the stock in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $62.00.
NASDAQ MTSC opened at $49.80 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.20 and a current ratio of 1.71. MTS Systems has a 52-week low of $44.65 and a 52-week high of $57.50. The stock has a market cap of $912.11, a P/E ratio of 24.66, a P/E/G ratio of 2.16 and a beta of 1.02.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The company had revenue of $194.20 million for the quarter, compared to analysts’ expectations of $196.23 million. MTS Systems’s quarterly revenue was down 2.6% compared to the same quarter last year. analysts predict that MTS Systems will post 2.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, March 16th. MTS Systems’s dividend payout ratio is presently 54.05%.
In other MTS Systems news, Director Chun Hung Yu acquired 2,000 shares of the stock in a transaction on Wednesday, March 14th. The shares were bought at an average price of $53.29 per share, with a total value of $106,580.00. Following the acquisition, the director now owns 39,901 shares of the company’s stock, valued at $2,126,324.29. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey A. Graves acquired 4,000 shares of the stock in a transaction on Thursday, March 15th. The stock was acquired at an average cost of $53.58 per share, for a total transaction of $214,320.00. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in MTS Systems by 209.6% in the 4th quarter. Advisor Group Inc. now owns 3,192 shares of the scientific and technical instruments company’s stock valued at $171,000 after purchasing an additional 2,161 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in MTS Systems in the 4th quarter valued at approximately $201,000. Jefferies Group LLC purchased a new stake in MTS Systems in the 4th quarter valued at approximately $220,000. Virginia Retirement Systems ET AL purchased a new stake in MTS Systems in the 3rd quarter valued at approximately $267,000. Finally, Teacher Retirement System of Texas purchased a new stake in MTS Systems in the 4th quarter valued at approximately $312,000. 99.00% of the stock is currently owned by institutional investors.
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MTS Systems Company Profile
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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