Zacks Investment Research Lowers MTS Systems (MTSC) to Strong Sell

Zacks Investment Research lowered shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a strong sell rating in a report issued on Tuesday morning.

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. “

A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of MTS Systems from a buy rating to a hold rating in a report on Thursday, September 27th. ValuEngine raised shares of MTS Systems from a hold rating to a buy rating in a report on Thursday, August 23rd.

NASDAQ MTSC opened at $44.92 on Tuesday. MTS Systems has a 52-week low of $42.00 and a 52-week high of $57.00. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 0.74. The firm has a market cap of $814.16 million, a PE ratio of 23.25, a P/E/G ratio of 1.83 and a beta of 1.01.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, November 26th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). MTS Systems had a return on equity of 8.06% and a net margin of 7.88%. The company had revenue of $198.00 million for the quarter, compared to the consensus estimate of $202.72 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts expect that MTS Systems will post 2.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, December 14th. MTS Systems’s dividend payout ratio is currently 36.59%.

In other MTS Systems news, insider Jeffrey A. Graves purchased 2,000 shares of the stock in a transaction on Tuesday, December 11th. The stock was acquired at an average cost of $46.80 per share, with a total value of $93,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael V. Schrock purchased 9,400 shares of the stock in a transaction on 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 disclosure for this purchase can be found here. Insiders have bought a total of 13,400 shares of company stock valued at $656,594 over the last ninety days. 1.50% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of MTSC. Federated Investors Inc. PA lifted its stake in MTS Systems by 482.1% in 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 purchasing an additional 2,314 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in MTS Systems in the second quarter worth $232,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in MTS Systems in the third quarter worth $233,000. Stone Ridge Asset Management LLC bought a new stake in MTS Systems in the third quarter worth $259,000. Finally, SG Americas Securities LLC lifted its stake in MTS Systems by 164.8% in the second quarter. SG Americas Securities LLC now owns 7,238 shares of the scientific and technical instruments company’s stock worth $381,000 after purchasing an additional 4,505 shares during the last quarter. 97.10% 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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