MTS Systems (NASDAQ:MTSC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
Other analysts also recently issued research reports about the company. B. Riley set a $70.00 target price on MTS Systems and gave the stock a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded MTS Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. MTS Systems presently has a consensus rating of “Buy” and a consensus target price of $62.00.
Shares of MTS Systems (MTSC) traded down $0.55 on Wednesday, hitting $53.00. The stock had a trading volume of 61,518 shares, compared to its average volume of 70,282. The company has a market cap of $951.23, a P/E ratio of 18.21, a PEG ratio of 2.25 and a beta of 1.13. The company has a current ratio of 1.71, a quick ratio of 1.20 and a debt-to-equity ratio of 0.83. MTS Systems has a 12-month low of $44.65 and a 12-month high of $57.50.
A number of large investors have recently added to or reduced their stakes in MTSC. Cooke & Bieler LP lifted its position in MTS Systems by 514.0% in the 4th quarter. Cooke & Bieler LP now owns 245,095 shares of the scientific and technical instruments company’s stock worth $13,162,000 after buying an additional 205,178 shares during the last quarter. SG Capital Management LLC bought a new stake in MTS Systems in the 3rd quarter worth approximately $5,001,000. BlackRock Inc. lifted its position in MTS Systems by 2.5% in the 4th quarter. BlackRock Inc. now owns 2,201,945 shares of the scientific and technical instruments company’s stock worth $118,244,000 after buying an additional 53,456 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in MTS Systems in the 4th quarter worth approximately $2,466,000. Finally, Millennium Management LLC lifted its position in MTS Systems by 75.8% in the 4th quarter. Millennium Management LLC now owns 105,287 shares of the scientific and technical instruments company’s stock worth $5,654,000 after buying an additional 45,392 shares during the last quarter. Institutional investors own 99.00% of the company’s stock.
MTS Systems Company Profile
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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