MTS Systems (MTSC) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a buy rating in a report released on Wednesday, March 27th, BidAskClub reports.

Several other analysts have also recently commented on MTSC. Zacks Investment Research upgraded shares of MTS Systems from a sell rating to a strong-buy rating and set a $59.00 target price for the company in a research report on Thursday, February 7th. TheStreet upgraded shares of MTS Systems from a c+ rating to a b- rating in a research report on Wednesday, February 20th. Finally, ValuEngine cut shares of MTS Systems from a buy rating to a hold rating in a research report on Monday, March 11th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. MTS Systems presently has an average rating of Buy and a consensus price target of $64.50.

Shares of MTS Systems stock traded up $0.45 on Wednesday, hitting $55.70. 29,369 shares of the company’s stock traded hands, compared to its average volume of 62,133. The stock has a market capitalization of $997.14 million, a price-to-earnings ratio of 16.98, a PEG ratio of 2.10 and a beta of 1.45. MTS Systems has a one year low of $38.42 and a one year high of $57.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.08 and a current ratio of 1.79.

MTS Systems (NASDAQ:MTSC) last issued its earnings results on Monday, February 4th. The scientific and technical instruments company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $206.78 million. MTS Systems had a net margin of 4.91% and a return on equity of 8.78%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, research analysts forecast that MTS Systems will post 2.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, March 15th. MTS Systems’s dividend payout ratio (DPR) is presently 36.59%.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in MTS Systems by 3.3% during the 4th quarter. BlackRock Inc. now owns 2,605,244 shares of the scientific and technical instruments company’s stock worth $104,548,000 after purchasing an additional 84,220 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MTS Systems by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,811,620 shares of the scientific and technical instruments company’s stock worth $99,186,000 after buying an additional 38,658 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of MTS Systems by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 1,811,620 shares of the scientific and technical instruments company’s stock worth $99,186,000 after buying an additional 38,658 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MTS Systems by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 943,097 shares of the scientific and technical instruments company’s stock worth $37,847,000 after buying an additional 69,717 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its stake in shares of MTS Systems by 14.5% during the 1st quarter. Tributary Capital Management LLC now owns 447,405 shares of the scientific and technical instruments company’s stock worth $24,366,000 after buying an additional 56,733 shares during the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.

About MTS Systems

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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