MTS Systems (NASDAQ:MTSC) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

MTSC has been the topic of a number of other reports. B. Riley set a $70.00 price objective on shares of MTS Systems and gave the company a “buy” rating in a research note on Sunday, August 5th. ValuEngine raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, Zacks Investment Research lowered shares of MTS Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $62.00.

NASDAQ:MTSC opened at $54.80 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.67. MTS Systems has a 52 week low of $42.00 and a 52 week high of $57.50. The firm has a market capitalization of $981.41 million, a PE ratio of 24.68, a PEG ratio of 2.72 and a beta of 0.93.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 6th. The scientific and technical instruments company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.15). MTS Systems had a net margin of 7.18% and a return on equity of 7.56%. The firm had revenue of $194.67 million during the quarter, compared to the consensus estimate of $204.63 million. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. equities research analysts forecast that MTS Systems will post 2.02 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in MTS Systems by 8.3% during the second quarter. BlackRock Inc. now owns 2,426,929 shares of the scientific and technical instruments company’s stock worth $127,777,000 after acquiring an additional 185,546 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in MTS Systems by 16.1% during the second quarter. Dimensional Fund Advisors LP now owns 829,762 shares of the scientific and technical instruments company’s stock worth $43,687,000 after buying an additional 115,271 shares during the last quarter. Tributary Capital Management LLC increased its holdings in MTS Systems by 18.0% during the second quarter. Tributary Capital Management LLC now owns 455,163 shares of the scientific and technical instruments company’s stock worth $23,964,000 after buying an additional 69,439 shares during the last quarter. Confluence Investment Management LLC increased its holdings in MTS Systems by 3.5% during the second quarter. Confluence Investment Management LLC now owns 405,877 shares of the scientific and technical instruments company’s stock worth $21,370,000 after buying an additional 13,601 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in MTS Systems by 31.7% during the first quarter. JPMorgan Chase & Co. now owns 334,356 shares of the scientific and technical instruments company’s stock worth $17,269,000 after buying an additional 80,518 shares during the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.

MTS Systems Company Profile

MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems for durability testing; vehicle performance test systems; vehicle dynamics simulators; electrical motors and energy recovery systems; tire performance and rolling resistance measurement systems; and moving ground-plane systems and balances.

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