MTS Systems Co. (NASDAQ:MTSC) Director Michael V. Schrock purchased 9,400 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was acquired at an average price of $50.11 per share, for a total transaction of $471,034.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ MTSC opened at $48.80 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.21 and a current ratio of 1.79. The stock has a market cap of $872.06 million, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.88 and a beta of 1.01. MTS Systems Co. has a 1 year low of $42.00 and a 1 year high of $57.00.
MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, November 26th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). The company had revenue of $198.00 million for the quarter, compared to analyst estimates of $202.72 million. MTS Systems had a return on equity of 8.06% and a net margin of 7.88%. MTS Systems’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, sell-side analysts expect that MTS Systems Co. will post 2.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.20 annualized dividend and a yield of 2.46%. MTS Systems’s dividend payout ratio (DPR) is presently 36.59%.
Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in MTS Systems by 602.8% during the 2nd quarter. Renaissance Technologies LLC now owns 50,600 shares of the scientific and technical instruments company’s stock valued at $2,664,000 after acquiring an additional 43,400 shares in the last quarter. Aristotle Capital Boston LLC purchased a new position in MTS Systems during the 2nd quarter valued at about $1,809,000. Dynamic Technology Lab Private Ltd purchased a new position in MTS Systems during the 2nd quarter valued at about $232,000. Bessemer Group Inc. grew its stake in MTS Systems by 36.9% during the 3rd quarter. Bessemer Group Inc. now owns 21,900 shares of the scientific and technical instruments company’s stock valued at $1,199,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in MTS Systems by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 38,676 shares of the scientific and technical instruments company’s stock valued at $2,030,000 after acquiring an additional 1,955 shares in the last quarter. 97.10% of the stock is currently owned by institutional investors.
Several analysts have issued reports on MTSC shares. BidaskClub downgraded MTS Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 19th. ValuEngine upgraded MTS Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Finally, Zacks Investment Research downgraded MTS Systems from a “hold” rating to a “sell” rating in a report on Friday, August 10th.
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MTS Systems Company Profile
MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems for durability testing; vehicle performance test systems; vehicle dynamics simulators; electrical motors and energy recovery systems; tire performance and rolling resistance measurement systems; and moving ground-plane systems and balances.
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