BidaskClub Lowers MTS Systems (MTSC) to Sell

BidaskClub downgraded shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a sell rating in a report published on Wednesday.

MTSC has been the subject of a number of other reports. B. Riley reiterated a buy rating on shares of MTS Systems in a research note on Wednesday, November 1st. Zacks Investment Research cut MTS Systems from a hold rating to a sell rating in a research note on Wednesday, October 25th. Finally, FBR & Co reiterated a buy rating on shares of MTS Systems in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. MTS Systems has a consensus rating of Hold and an average price target of $65.50.

MTS Systems (NASDAQ MTSC) opened at $53.30 on Wednesday. MTS Systems has a 12 month low of $44.65 and a 12 month high of $59.00. The company has a market capitalization of $954.65, a price-to-earnings ratio of 24.17, a PEG ratio of 2.36 and a beta of 1.27. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.98.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The company had revenue of $201.50 million during the quarter, compared to analysts’ expectations of $195.24 million. During the same period in the prior year, the company earned $0.55 EPS. MTS Systems’s revenue was down 6.2% compared to the same quarter last year. sell-side analysts predict that MTS Systems will post 2.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, December 15th. MTS Systems’s payout ratio is 91.60%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System raised its position in MTS Systems by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 8,753 shares of the scientific and technical instruments company’s stock worth $453,000 after purchasing an additional 100 shares during the last quarter. Suntrust Banks Inc. raised its position in MTS Systems by 6.1% during the 2nd quarter. Suntrust Banks Inc. now owns 8,473 shares of the scientific and technical instruments company’s stock worth $437,000 after purchasing an additional 486 shares during the last quarter. Schroder Investment Management Group raised its position in MTS Systems by 4.4% during the 2nd quarter. Schroder Investment Management Group now owns 14,818 shares of the scientific and technical instruments company’s stock worth $768,000 after purchasing an additional 618 shares during the last quarter. Thrivent Financial For Lutherans raised its position in MTS Systems by 7.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,160 shares of the scientific and technical instruments company’s stock worth $526,000 after purchasing an additional 720 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in MTS Systems by 10.1% during the 2nd quarter. Voya Investment Management LLC now owns 7,939 shares of the scientific and technical instruments company’s stock worth $411,000 after purchasing an additional 727 shares during the last quarter. Institutional investors own 97.88% of the company’s stock.

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About MTS Systems

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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