MTS Systems (MTSC) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a sell rating in a research report report published on Thursday morning.

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. “

A number of other equities analysts have also weighed in on the company. B. Riley set a $70.00 target price on MTS Systems and gave the stock a buy rating in a research note on Monday, November 27th. BidaskClub lowered MTS Systems from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Finally, FBR & Co restated a buy rating on shares of MTS Systems in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $65.50.

Shares of MTS Systems (MTSC) traded up $0.60 during midday trading on Thursday, reaching $53.85. The company’s stock had a trading volume of 63,998 shares, compared to its average volume of 48,849. The company has a market cap of $958.21, a price-to-earnings ratio of 41.11, a P/E/G ratio of 2.37 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.33. MTS Systems has a fifty-two week low of $44.65 and a fifty-two week high of $59.00.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a $0.30 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. MTS Systems’s dividend payout ratio is currently 91.60%.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of MTS Systems in the 2nd quarter worth about $110,000. Crossmark Global Holdings Inc. purchased a new position in shares of MTS Systems in the 3rd quarter worth about $201,000. Wedbush Securities Inc. purchased a new position in shares of MTS Systems in the 3rd quarter worth about $214,000. Virtu KCG Holdings LLC purchased a new position in shares of MTS Systems in the 2nd quarter worth about $220,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of MTS Systems in the 3rd quarter worth about $267,000. Hedge funds and other institutional investors 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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