Trade Report: Today: MTS Systems Corp. (MTSC) Lifted to “Hold” at Zacks Investment Research

Today: MTS Systems Corp. (MTSC) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of MTS Systems Corp. (NASDAQ:MTSC) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday.

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. “

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reiterated a buy rating and set a $54.00 price objective on shares of MTS Systems Corp. in a research report on Wednesday, July 20th. Wells Fargo & Co. began coverage on MTS Systems Corp. in a research report on Wednesday, August 17th. They set a market perform rating for the company. 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 issued a buy rating to the company’s stock. MTS Systems Corp. presently has a consensus rating of Buy and a consensus price target of $60.00.

Shares of MTS Systems Corp. (NASDAQ:MTSC) traded up 0.47% on Wednesday, reaching $45.23. The company’s stock had a trading volume of 11,219 shares. The company’s 50-day moving average is $46.48 and its 200 day moving average is $48.66. MTS Systems Corp. has a 12-month low of $41.53 and a 12-month high of $68.28. The company has a market capitalization of $754.17 million, a price-to-earnings ratio of 21.97 and a beta of 1.60.

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

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, September 15th. MTS Systems Corp.’s payout ratio is 58.54%.

Hedge funds have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of 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 during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of 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 during the last quarter. Nationwide Fund Advisors boosted its stake in shares of 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 during the last quarter. Capstone Asset Management Co. boosted its stake in shares of 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 during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 96.96% of the company’s stock.

MTS Systems Corp. Company Profile

MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.

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