MTS Systems Co. (NASDAQ:MTSC) Director Michael V. Schrock purchased 9,400 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was bought at an average cost of $50.11 per share, with a total value of $471,034.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
MTSC stock traded down $1.89 during trading on Tuesday, reaching $48.80. The company had a trading volume of 64,200 shares, compared to its average volume of 76,766. MTS Systems Co. has a 52 week low of $42.00 and a 52 week high of $57.00. The company has a market cap of $919.41 million, a P/E ratio of 14.88, a PEG ratio of 1.98 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.79 and a quick ratio of 1.21.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, November 26th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.08). MTS Systems had a return on equity of 8.06% and a net margin of 7.88%. The company had revenue of $198.00 million during the quarter, compared to the consensus estimate of $202.72 million. During the same period in the previous year, the company earned $0.44 earnings per share. MTS Systems’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts expect that MTS Systems Co. will post 2.6 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in MTSC. Piedmont Investment Advisors LLC bought a new position in shares of MTS Systems during the second quarter valued at approximately $219,000. Dynamic Technology Lab Private Ltd bought a new position in shares of MTS Systems during the second quarter valued at approximately $232,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of MTS Systems during the third quarter valued at approximately $233,000. Stone Ridge Asset Management LLC bought a new position in shares of MTS Systems during the third quarter valued at approximately $259,000. Finally, SG Americas Securities LLC increased its stake in shares of MTS Systems by 164.8% during the second quarter. SG Americas Securities LLC now owns 7,238 shares of the scientific and technical instruments company’s stock valued at $381,000 after purchasing an additional 4,505 shares in the last quarter. 97.10% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on MTSC shares. Zacks Investment Research raised shares of MTS Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. BidaskClub raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, ValuEngine downgraded shares of MTS Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 29th.
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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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