Trade Report: The MTS Systems Corp. (MTSC) Upgraded to “Buy” by Sidoti

The MTS Systems Corp. (MTSC) Upgraded to “Buy” by Sidoti

MTS Systems Corp. (NASDAQ:MTSC) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded MTS Systems Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Co. began coverage on MTS Systems Corp. in a research report on Wednesday, August 17th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $54.00 target price on shares of MTS Systems Corp. in a research report on Wednesday, July 20th. Finally, Stephens upgraded MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.67.

MTS Systems Corp. (NASDAQ:MTSC) traded up 3.34% during midday trading on Thursday, hitting $43.99. The company had a trading volume of 87,981 shares. MTS Systems Corp. has a 52-week low of $41.53 and a 52-week high of $68.28. The stock has a market cap of $733.49 million, a PE ratio of 21.36 and a beta of 1.60. The stock’s 50-day moving average price is $46.80 and its 200-day moving average price is $48.78.

MTS Systems Corp. (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.04. The firm had revenue of $157.70 million for the quarter, compared to analysts’ expectations of $146.77 million. MTS Systems Corp. had a return on equity of 12.45% and a net margin of 5.37%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, equities research analysts expect that MTS Systems Corp. will post $2.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, September 15th. MTS Systems Corp.’s dividend payout ratio is currently 58.54%.

Several large investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in MTS Systems Corp. by 0.8% in the second quarter. American International Group Inc. now owns 11,305 shares of the company’s stock worth $496,000 after buying an additional 88 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in MTS Systems Corp. by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 37,870 shares of the company’s stock worth $1,660,000 after buying an additional 178 shares in the last quarter. Nationwide Fund Advisors boosted its stake in MTS Systems Corp. by 3.2% in the second quarter. Nationwide Fund Advisors now owns 9,878 shares of the company’s stock worth $433,000 after buying an additional 304 shares in the last quarter. Capstone Asset Management Co. boosted its stake in MTS Systems Corp. by 9.2% in the second quarter. Capstone Asset Management Co. now owns 5,440 shares of the company’s stock worth $238,000 after buying an additional 460 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in MTS Systems Corp. by 12.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock worth $320,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.

MTS Systems Corp. Company Profile

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