Investors Sell Shares of MTS Systems Corp. (MTSC) on Strength (MTSC)
Traders sold shares of MTS Systems Corp. (NASDAQ:MTSC) on strength during trading on Tuesday. $5.82 million flowed into the stock on the tick-up and $48.88 million flowed out of the stock on the tick-down, for a money net flow of $43.06 million out of the stock. Of all companies tracked, MTS Systems Corp. had the 0th highest net out-flow for the day. MTS Systems Corp. traded up $0.64 for the day and closed at $48.04
A number of analysts have commented on MTSC shares. Zacks Investment Research cut MTS Systems Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Wunderlich lowered their price target on MTS Systems Corp. from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, May 11th. TheStreet cut MTS Systems Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Stephens raised MTS Systems Corp. from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 17th. Finally, JPMorgan Chase & Co. initiated coverage on MTS Systems Corp. in a report on Thursday, June 23rd. They issued an “overweight” rating and a $54.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $61.67.
The company has a market capitalization of $708.73 million and a price-to-earnings ratio of 20.80. The stock’s 50-day moving average is $45.64 and its 200 day moving average is $51.11.
MTS Systems Corp. (NASDAQ:MTSC) last posted its quarterly earnings data 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 had revenue of $157.70 million for the quarter, compared to analysts’ expectations of $146.77 million. During the same period in the prior year, the company posted $0.72 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. Equities analysts expect that MTS Systems Corp. will post $2.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, September 15th.
In other MTS Systems Corp. news, Director Chun Hung Yu bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $47.44 per share, with a total value of $94,880.00. Following the completion of the acquisition, the director now directly owns 11,345 shares of the company’s stock, valued at approximately $538,206.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of institutional investors have bought and sold shares of the stock. Schroder Investment Management Group acquired a new position in MTS Systems Corp. during the fourth quarter valued at approximately $12,663,000. Dean Investment Associates LLC raised its position in MTS Systems Corp. by 27.9% in the fourth quarter. Dean Investment Associates LLC now owns 45,450 shares of the company’s stock valued at $2,882,000 after buying an additional 9,925 shares during the period. Principal Financial Group Inc. raised its position in MTS Systems Corp. by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 192,454 shares of the company’s stock valued at $12,204,000 after buying an additional 4,179 shares during the period. California Public Employees Retirement System raised its position in MTS Systems Corp. by 1.5% in the fourth quarter. California Public Employees Retirement System now owns 34,900 shares of the company’s stock valued at $2,213,000 after buying an additional 500 shares during the period. Finally, California State Teachers Retirement System raised its position in MTS Systems Corp. by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 27,620 shares of the company’s stock valued at $1,751,000 after buying an additional 400 shares during the period.
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.
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