Fuller & Thaler Asset Management Inc. Has $76.82 Million Position in MTS Systems Co. (MTSC)

Fuller & Thaler Asset Management Inc. reduced its stake in shares of MTS Systems Co. (NASDAQ:MTSC) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,430,493 shares of the scientific and technical instruments company’s stock after selling 1,190 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 8.05% of MTS Systems worth $76,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Voya Investment Management LLC lifted its stake in shares of MTS Systems by 10.1% during the 2nd quarter. Voya Investment Management LLC now owns 7,939 shares of the scientific and technical instruments company’s stock worth $411,000 after purchasing an additional 727 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of MTS Systems by 8.8% during the 4th quarter. First Trust Advisors LP now owns 15,000 shares of the scientific and technical instruments company’s stock worth $806,000 after purchasing an additional 1,212 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in shares of MTS Systems by 6.7% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 22,135 shares of the scientific and technical instruments company’s stock worth $1,183,000 after purchasing an additional 1,390 shares during the last quarter. Swiss National Bank lifted its stake in shares of MTS Systems by 5.5% during the 4th quarter. Swiss National Bank now owns 28,900 shares of the scientific and technical instruments company’s stock worth $1,552,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of MTS Systems by 43.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,090 shares of the scientific and technical instruments company’s stock worth $432,000 after purchasing an additional 2,440 shares during the last quarter. Hedge funds and other institutional investors own 96.61% of the company’s stock.

Shares of MTS Systems Co. (MTSC) opened at $49.45 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. MTS Systems Co. has a 12 month low of $44.65 and a 12 month high of $57.50. The company has a market capitalization of $875.66, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12.

MTS Systems (NASDAQ:MTSC) last released its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). MTS Systems had a net margin of 7.22% and a return on equity of 9.33%. The business had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $196.23 million. The company’s revenue was down 2.6% compared to the same quarter last year. equities research analysts predict that MTS Systems Co. will post 2.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, March 16th. MTS Systems’s dividend payout ratio (DPR) is presently 40.82%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded MTS Systems from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, February 9th. B. Riley set a $70.00 price objective on MTS Systems and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, BidaskClub cut MTS Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. MTS Systems presently has an average rating of “Buy” and a consensus price target of $62.00.

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MTS Systems Profile

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

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Institutional Ownership by Quarter for MTS Systems (NASDAQ:MTSC)

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