MTS Systems Co. (MTSC) Given Consensus Recommendation of “Hold” by Analysts
Shares of MTS Systems Co. (NASDAQ:MTSC) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.00.
A number of research firms have recently issued reports on MTSC. Zacks Investment Research upgraded MTS Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 17th. JPMorgan Chase & Co. downgraded MTS Systems from an “overweight” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Friday, February 10th. Finally, TheStreet downgraded MTS Systems from a “b-” rating to a “c” rating in a research note on Monday, April 17th.
In related news, insider David Hore bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average cost of $51.55 per share, for a total transaction of $257,750.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $257,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC increased its position in MTS Systems by 12.1% in the third quarter. BlackRock Investment Management LLC now owns 70,622 shares of the scientific and technical instruments company’s stock valued at $3,251,000 after buying an additional 7,608 shares during the period. BlackRock Fund Advisors increased its position in MTS Systems by 12.7% in the third quarter. BlackRock Fund Advisors now owns 1,143,168 shares of the scientific and technical instruments company’s stock valued at $52,620,000 after buying an additional 129,127 shares during the period. Rhumbline Advisers increased its position in MTS Systems by 12.1% in the third quarter. Rhumbline Advisers now owns 52,547 shares of the scientific and technical instruments company’s stock valued at $2,419,000 after buying an additional 5,672 shares during the period. Municipal Employees Retirement System of Michigan increased its position in MTS Systems by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,640 shares of the scientific and technical instruments company’s stock valued at $168,000 after buying an additional 80 shares during the period. Finally, Suntrust Banks Inc. increased its position in MTS Systems by 27.4% in the third quarter. Suntrust Banks Inc. now owns 7,772 shares of the scientific and technical instruments company’s stock valued at $356,000 after buying an additional 1,672 shares during the period. Institutional investors own 99.96% of the company’s stock.
Shares of MTS Systems (NASDAQ:MTSC) traded up 0.09% on Tuesday, hitting $53.85. The stock had a trading volume of 67,172 shares. The stock has a market cap of $901.50 million, a PE ratio of 45.33 and a beta of 1.54. The stock has a 50 day moving average of $49.17 and a 200-day moving average of $53.73. MTS Systems has a 12 month low of $41.53 and a 12 month high of $59.00.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, May 8th. The scientific and technical instruments company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.19. The firm had revenue of $193.42 million for the quarter, compared to the consensus estimate of $185.54 million. MTS Systems had a return on equity of 12.45% and a net margin of 5.37%. During the same period last year, the business posted $0.27 EPS. Equities research analysts anticipate that MTS Systems will post $2.22 EPS for the current year.
About MTS Systems
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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