MTS Systems (NASDAQ:MTSC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other equities research analysts have also recently weighed in on the company. ValuEngine cut MTS Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised MTS Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.50.
Shares of MTSC opened at $54.93 on Monday. The company has a market capitalization of $977.63 million, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.06 and a beta of 1.41. MTS Systems has a 12 month low of $38.42 and a 12 month high of $57.00. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 0.92.
MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, February 4th. The scientific and technical instruments company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.08. MTS Systems had a return on equity of 8.78% and a net margin of 4.91%. The firm had revenue of $203.20 million for the quarter, compared to the consensus estimate of $206.78 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that MTS Systems will post 2.65 earnings per share for the current year.
In other news, Director Michael V. Schrock bought 9,400 shares of MTS Systems stock in a transaction dated Monday, December 3rd. The stock was acquired at an average cost of $50.11 per share, with a total value of $471,034.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey A. Graves bought 2,000 shares of MTS Systems stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average cost of $46.80 per share, with a total value of $93,600.00. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in MTS Systems during the 4th quarter valued at approximately $104,000. Federated Investors Inc. PA raised its stake in MTS Systems by 482.1% during the 3rd quarter. Federated Investors Inc. PA now owns 2,794 shares of the scientific and technical instruments company’s stock valued at $153,000 after acquiring an additional 2,314 shares during the last quarter. Stone Ridge Asset Management LLC raised its stake in MTS Systems by 17.9% during the 4th quarter. Stone Ridge Asset Management LLC now owns 5,579 shares of the scientific and technical instruments company’s stock valued at $224,000 after acquiring an additional 847 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in MTS Systems during the 3rd quarter valued at approximately $233,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in MTS Systems by 380.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,800 shares of the scientific and technical instruments company’s stock valued at $233,000 after acquiring an additional 4,593 shares during the last quarter. 94.85% 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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