MTS Systems (NASDAQ:MTSC) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a sell rating in a research report released on Saturday, BidAskClub reports.

A number of other analysts have also commented on MTSC. ValuEngine raised XCel Brands from a sell rating to a hold rating in a research note on Tuesday, July 9th. Wells Fargo & Co downgraded Occidental Petroleum from an outperform rating to a market perform rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $62.00.

MTS Systems stock opened at $56.07 on Friday. MTS Systems has a 12 month low of $38.42 and a 12 month high of $59.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.83 and a quick ratio of 1.14. The business’s 50 day moving average is $56.25. The stock has a market capitalization of $1.01 billion, a PE ratio of 17.09, a PEG ratio of 2.12 and a beta of 1.34.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings data on Monday, May 6th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.11. MTS Systems had a return on equity of 10.00% and a net margin of 5.36%. The firm had revenue of $233.05 million for the quarter, compared to analyst estimates of $209.59 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. MTS Systems’s quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts expect that MTS Systems will post 2.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were paid a $0.30 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. MTS Systems’s dividend payout ratio (DPR) is currently 36.59%.

In related news, insider Jeffrey A. Graves bought 1,000 shares of the stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $54.35 per share, for a total transaction of $54,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Bremer Bank National Association acquired a new position in shares of MTS Systems in the 1st quarter worth approximately $27,000. Parallel Advisors LLC acquired a new position in shares of MTS Systems in the 1st quarter worth approximately $42,000. Gamco Investors INC. ET AL bought a new stake in shares of MTS Systems in the 1st quarter worth approximately $218,000. BNP Paribas Arbitrage SA lifted its holdings in shares of MTS Systems by 187.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,141 shares of the scientific and technical instruments company’s stock worth $226,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new stake in shares of MTS Systems in the 1st quarter worth approximately $245,000. Institutional investors and hedge funds own 98.87% 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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