Voloridge Investment Management LLC bought a new position in MTS Systems Co. (NASDAQ:MTSC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,251 shares of the scientific and technical instruments company’s stock, valued at approximately $456,000.
Several other institutional investors have also recently added to or reduced their stakes in MTSC. California State Teachers Retirement System grew its holdings in MTS Systems by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 27,988 shares of the scientific and technical instruments company’s stock valued at $1,546,000 after purchasing an additional 422 shares during the last quarter. Stifel Financial Corp boosted its position in shares of MTS Systems by 1.8% during the third quarter. Stifel Financial Corp now owns 31,135 shares of the scientific and technical instruments company’s stock valued at $1,721,000 after buying an additional 549 shares during the period. State Street Corp grew its stake in shares of MTS Systems by 1.1% during the third quarter. State Street Corp now owns 521,989 shares of the scientific and technical instruments company’s stock valued at $28,840,000 after buying an additional 5,830 shares during the last quarter. BBVA USA Bancshares Inc. bought a new position in shares of MTS Systems during the third quarter valued at approximately $581,000. Finally, SG Americas Securities LLC raised its holdings in shares of MTS Systems by 1,681.9% in the third quarter. SG Americas Securities LLC now owns 34,480 shares of the scientific and technical instruments company’s stock worth $1,905,000 after buying an additional 32,545 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.
In other news, CEO Jeffrey A. Graves bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $46.40 per share, with a total value of $92,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Chun Hung Yu bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $46.50 per share, with a total value of $46,500.00. The disclosure for this purchase can be found here. Insiders purchased 46,880 shares of company stock valued at $1,247,219 in the last quarter. 2.10% of the stock is owned by company insiders.
Shares of MTSC opened at $47.26 on Monday. MTS Systems Co. has a 1-year low of $38.42 and a 1-year high of $63.31. The company has a 50-day moving average of $55.38 and a 200 day moving average of $56.16. The firm has a market capitalization of $894.53 million, a price-to-earnings ratio of 19.37, a PEG ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.79 and a quick ratio of 1.13.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings data on Monday, November 25th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $218.07 million. MTS Systems had a net margin of 4.83% and a return on equity of 9.78%. MTS Systems’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that MTS Systems Co. will post 2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, December 13th. MTS Systems’s dividend payout ratio is presently 49.18%.
A number of equities research analysts recently issued reports on the company. ValuEngine raised MTS Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. BidaskClub downgraded MTS Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. Finally, Sidoti downgraded MTS Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $69.00 to $60.00 in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $58.67.
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, 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.
Further Reading: Risk Tolerance
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