MTS Systems Co. (MTSC) CEO Acquires $56,310.00 in Stock

MTS Systems Co. (NASDAQ:MTSC) CEO Jeffrey A. Graves bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average cost of $56.31 per share, for a total transaction of $56,310.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of MTSC stock opened at $56.63 on Wednesday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.90. MTS Systems Co. has a 12-month low of $38.42 and a 12-month high of $59.10.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. The company had revenue of $233.05 million for the quarter, compared to the consensus estimate of $209.59 million. MTS Systems had a return on equity of 10.00% and a net margin of 5.36%. MTS Systems’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, research analysts predict that MTS Systems Co. will post 2.65 EPS for the current year.

MTSC has been the topic of several analyst reports. ValuEngine raised MTS Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. BidaskClub raised MTS Systems from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised MTS Systems from a “sell” rating to a “strong-buy” rating and set a $59.00 target price on the stock in a report on Thursday, February 7th. TheStreet raised MTS Systems from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Finally, Wells Fargo & Co set a $57.00 target price on MTS Systems and gave the stock a “market perform” rating in a report on Monday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.00.

Hedge funds have recently modified their holdings of the business. Dalton Greiner Hartman Maher & Co. purchased a new position in MTS Systems during the first quarter worth approximately $2,761,000. Bank of New York Mellon Corp lifted its position in shares of MTS Systems by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 288,474 shares of the scientific and technical instruments company’s stock valued at $15,794,000 after acquiring an additional 9,170 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of MTS Systems in the fourth quarter valued at approximately $273,000. Legal & General Group Plc lifted its position in shares of MTS Systems by 8.6% in the third quarter. Legal & General Group Plc now owns 42,006 shares of the scientific and technical instruments company’s stock valued at $2,295,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Dean Investment Associates LLC purchased a new position in shares of MTS Systems in the fourth quarter valued at approximately $3,031,000. Institutional investors own 97.97% of the company’s stock.

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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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