ValuEngine lowered shares of MTS Systems (NASDAQ:MTSC) from a hold rating to a sell rating in a research note issued to investors on Monday morning, ValuEngine reports.

Separately, BidaskClub raised MTS Systems from a sell rating to a hold rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. MTS Systems currently has a consensus rating of Hold and an average target price of $58.00.

Shares of NASDAQ MTSC traded up $0.39 during midday trading on Monday, hitting $60.06. The stock had a trading volume of 55,900 shares, compared to its average volume of 113,230. The company’s 50-day simple moving average is $55.53 and its 200 day simple moving average is $56.42. The firm has a market cap of $1.08 billion, a P/E ratio of 18.31 and a beta of 1.32. MTS Systems has a fifty-two week low of $38.42 and a fifty-two week high of $63.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.89 and a quick ratio of 1.22.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The company had revenue of $232.20 million during the quarter, compared to analysts’ expectations of $211.96 million. MTS Systems had a return on equity of 10.77% and a net margin of 5.66%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities analysts expect that MTS Systems will post 2.4 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTSC. BlackRock Inc. increased its stake in shares of MTS Systems by 9.5% in the 2nd 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 during the period. Nuveen Asset Management LLC acquired a new stake in shares of MTS Systems during the second quarter worth $5,036,000. Marshall Wace LLP acquired a new stake in shares of MTS Systems during the second quarter worth $4,483,000. Citadel Advisors LLC grew its stake in shares of MTS Systems by 96.1% during the second quarter. Citadel Advisors LLC now owns 142,233 shares of the scientific and technical instruments company’s stock worth $8,325,000 after purchasing an additional 69,708 shares during the period. Finally, Morgan Stanley grew its stake in shares of MTS Systems by 37.6% during the second quarter. Morgan Stanley now owns 147,775 shares of the scientific and technical instruments company’s stock worth $8,650,000 after purchasing an additional 40,370 shares during the period. 99.04% 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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