MTS Systems Co. (NASDAQ:MTSC) CEO Jeffrey A. Graves bought 33,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $18.46 per share, with a total value of $609,180.00.
Jeffrey A. Graves also recently made the following trade(s):
- On Wednesday, November 27th, Jeffrey A. Graves bought 2,000 shares of MTS Systems stock. The shares were acquired at an average price of $46.40 per share, with a total value of $92,800.00.
MTS Systems stock traded up $0.58 during mid-day trading on Wednesday, reaching $46.55. The company had a trading volume of 173,717 shares, compared to its average volume of 117,032. MTS Systems Co. has a 1 year low of $38.42 and a 1 year high of $63.31. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.79 and a quick ratio of 1.13. The company has a market capitalization of $879.87 million, a P/E ratio of 19.08, a P/E/G ratio of 1.91 and a beta of 1.24. The stock’s 50-day simple moving average is $55.80 and its 200-day simple moving average is $56.31.
MTS Systems (NASDAQ:MTSC) last issued its earnings results on Monday, November 25th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). MTS Systems had a net margin of 4.83% and a return on equity of 9.78%. The company had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $218.07 million. During the same period last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that MTS Systems Co. will post 2.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.58%. MTS Systems’s dividend payout ratio (DPR) is presently 49.18%.
Several equities research analysts have recently weighed in on the stock. Sidoti downgraded shares of MTS Systems from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $60.00 in a research note on Tuesday, November 26th. BidaskClub downgraded shares of MTS Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. Finally, ValuEngine upgraded shares of MTS Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.67.
A number of institutional investors have recently modified their holdings of MTSC. BlackRock Inc. increased its holdings in MTS Systems by 9.5% in the second quarter. BlackRock Inc. now owns 2,923,742 shares of the scientific and technical instruments company’s stock valued at $171,128,000 after buying an additional 254,612 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of MTS Systems in the 2nd quarter valued at $5,036,000. Marshall Wace LLP acquired a new position in shares of MTS Systems in the 2nd quarter valued at $4,483,000. Citadel Advisors LLC boosted its holdings in shares of MTS Systems by 96.1% in the 2nd quarter. Citadel Advisors LLC now owns 142,233 shares of the scientific and technical instruments company’s stock valued at $8,325,000 after purchasing an additional 69,708 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of MTS Systems by 37.6% in the 2nd quarter. Morgan Stanley now owns 147,775 shares of the scientific and technical instruments company’s stock valued at $8,650,000 after purchasing an additional 40,370 shares during the last quarter. 97.92% of the stock is owned by institutional investors.
About MTS Systems
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, 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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