Zacks Investment Research upgraded shares of MTS Systems (NASDAQ:MTSC) from a sell rating to a strong-buy rating in a research note published on Thursday morning. They currently have $59.00 price objective on the scientific and technical instruments company’s stock.
According to Zacks, “MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company’s testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications. “
Several other equities research analysts also recently commented on MTSC. BidaskClub upgraded shares of MTS Systems from a hold rating to a buy rating in a research note on Friday, October 12th. ValuEngine downgraded shares of MTS Systems from a buy rating to a hold rating in a research note on Monday, October 29th.
NASDAQ:MTSC opened at $51.61 on Thursday. MTS Systems has a 12 month low of $38.42 and a 12 month high of $57.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.79 and a quick ratio of 1.08. The firm has a market cap of $923.95 million, a PE ratio of 15.73, a P/E/G ratio of 1.95 and a beta of 1.41.
MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, February 4th. The scientific and technical instruments company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. MTS Systems had a net margin of 4.91% and a return on equity of 8.78%. The business had revenue of $203.20 million during the quarter, compared to the consensus estimate of $206.78 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts predict that MTS Systems will post 2.65 EPS for the current year.
In related news, insider Jeffrey A. Graves bought 2,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average price of $45.98 per share, with a total value of $91,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael V. Schrock bought 9,400 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were bought at an average cost of $50.11 per share, with a total value of $471,034.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 13,400 shares of company stock valued at $656,594. 2.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in shares of MTS Systems by 4.2% during the third quarter. Teachers Advisors LLC now owns 35,141 shares of the scientific and technical instruments company’s stock worth $1,924,000 after purchasing an additional 1,431 shares in the last quarter. Arizona State Retirement System boosted its position in MTS Systems by 6.1% during the fourth quarter. Arizona State Retirement System now owns 27,520 shares of the scientific and technical instruments company’s stock worth $1,104,000 after acquiring an additional 1,594 shares during the last quarter. Victory Capital Management Inc. boosted its position in MTS Systems by 9.6% during the third quarter. Victory Capital Management Inc. now owns 22,606 shares of the scientific and technical instruments company’s stock worth $1,238,000 after acquiring an additional 1,975 shares during the last quarter. Federated Investors Inc. PA boosted its position in MTS Systems by 482.1% during the third quarter. Federated Investors Inc. PA now owns 2,794 shares of the scientific and technical instruments company’s stock worth $153,000 after acquiring an additional 2,314 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in MTS Systems by 31.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 9,944 shares of the scientific and technical instruments company’s stock worth $399,000 after acquiring an additional 2,400 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.
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, 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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