MTS Systems (NASDAQ:MTSC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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. “

MTSC has been the topic of a number of other reports. B. Riley restated a “buy” rating on shares of MTS Systems in a research report on Wednesday, November 1st. BidaskClub downgraded shares of MTS Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Finally, FBR & Co reiterated a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. MTS Systems presently has a consensus rating of “Hold” and a consensus target price of $65.50.

MTS Systems (NASDAQ MTSC) opened at $54.65 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.98. MTS Systems has a 52-week low of $44.65 and a 52-week high of $59.00. The stock has a market cap of $959.10, a PE ratio of 41.72, a price-to-earnings-growth ratio of 2.37 and a beta of 1.27.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. MTS Systems had a net margin of 3.18% and a return on equity of 10.32%. The company had revenue of $201.50 million for the quarter, compared to the consensus estimate of $195.24 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. equities research analysts anticipate that MTS Systems will post 2.28 earnings per share for the current year.

Several large investors have recently made changes to their positions in MTSC. BlackRock Inc. raised its position in shares of MTS Systems by 114,721.5% in the 1st quarter. BlackRock Inc. now owns 2,148,311 shares of the scientific and technical instruments company’s stock valued at $118,264,000 after acquiring an additional 2,146,440 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in MTS Systems by 39.9% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,266,533 shares of the scientific and technical instruments company’s stock worth $55,525,000 after buying an additional 361,528 shares during the period. Loews Corp acquired a new stake in MTS Systems during the 2nd quarter worth approximately $12,056,000. Confluence Investment Management LLC raised its holdings in MTS Systems by 728.6% during the 2nd quarter. Confluence Investment Management LLC now owns 262,705 shares of the scientific and technical instruments company’s stock worth $11,517,000 after buying an additional 230,999 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in MTS Systems by 786.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,347 shares of the scientific and technical instruments company’s stock worth $11,937,000 after buying an additional 230,094 shares during the period. Institutional investors and hedge funds own 97.80% of the company’s stock.

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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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