MTS Systems Corp. (MTSC) Stock Rating Upgraded by Zacks Investment Research
MTS Systems Corp. (NASDAQ:MTSC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued 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 equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $54.00 price objective on shares of MTS Systems Corp. in a report on Wednesday, July 20th. Wells Fargo & Co. began coverage on MTS Systems Corp. in a report on Wednesday, August 17th. They issued a “market perform” rating for the company. Finally, Stephens upgraded MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a report on Friday, June 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. MTS Systems Corp. currently has a consensus rating of “Buy” and a consensus price target of $61.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/mts-systems-corp-mtsc-stock-rating-upgraded-by-zacks-investment-research.html
Shares of MTS Systems Corp. (NASDAQ:MTSC) opened at 42.49 on Wednesday. The stock’s 50 day moving average price is $47.01 and its 200 day moving average price is $48.83. MTS Systems Corp. has a one year low of $41.68 and a one year high of $68.28. The firm has a market capitalization of $708.48 million, a price-to-earnings ratio of 20.64 and a beta of 1.60.
MTS Systems Corp. (NASDAQ:MTSC) last released its earnings results on Monday, August 8th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company earned $157.70 million during 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 firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Analysts expect that MTS Systems Corp. will post $2.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were issued a $0.30 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.82%. MTS Systems Corp.’s dividend payout ratio (DPR) is currently 58.54%.
Several large investors have recently made changes to their positions in the company. Levin Capital Strategies L.P. acquired a new stake in shares of MTS Systems Corp. during the second quarter valued at about $30,934,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of MTS Systems Corp. by 39.9% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,266,533 shares of the company’s stock valued at $55,525,000 after buying an additional 361,528 shares during the period. Loews Corp acquired a new stake in shares of MTS Systems Corp. during the second quarter valued at about $12,056,000. Confluence Investment Management LLC increased its stake in shares of MTS Systems Corp. by 728.6% in the second quarter. Confluence Investment Management LLC now owns 262,705 shares of the company’s stock valued at $11,517,000 after buying an additional 230,999 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of MTS Systems Corp. by 13.1% in the second quarter. Vanguard Group Inc. now owns 1,303,099 shares of the company’s stock valued at $57,128,000 after buying an additional 151,440 shares during the period. Institutional investors own 96.99% of the company’s stock.
About MTS Systems Corp.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MTS Systems Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corp. and related companies with MarketBeat.com's FREE daily email newsletter.