MTS Systems Co. (NASDAQ:MTSC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its holdings in MTS Systems Co. (NASDAQ:MTSC) by 7.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,120 shares of the scientific and technical instruments company’s stock after selling 480 shares during the period. Louisiana State Employees Retirement System’s holdings in MTS Systems were worth $294,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MTS Systems by 33.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,443 shares of the scientific and technical instruments company’s stock valued at $80,000 after buying an additional 365 shares during the period. California State Teachers Retirement System grew its position in shares of MTS Systems by 1.5% in the 3rd quarter. California State Teachers Retirement System now owns 27,988 shares of the scientific and technical instruments company’s stock worth $1,546,000 after buying an additional 422 shares during the period. Stifel Financial Corp increased its stake in shares of MTS Systems by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 31,135 shares of the scientific and technical instruments company’s stock worth $1,721,000 after acquiring an additional 549 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of MTS Systems by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 7,832 shares of the scientific and technical instruments company’s stock worth $433,000 after acquiring an additional 616 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in MTS Systems by 38.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,428 shares of the scientific and technical instruments company’s stock valued at $201,000 after acquiring an additional 952 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:MTSC opened at $51.60 on Tuesday. The stock has a fifty day simple moving average of $48.74 and a two-hundred day simple moving average of $54.19. The stock has a market capitalization of $998.96 million, a price-to-earnings ratio of 23.24, a PEG ratio of 2.20 and a beta of 1.27. MTS Systems Co. has a 12-month low of $44.45 and a 12-month high of $63.31. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, November 25th. The scientific and technical instruments company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). The company had revenue of $224.08 million during the quarter, compared to the consensus estimate of $218.07 million. MTS Systems had a return on equity of 9.78% and a net margin of 4.83%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, equities research analysts predict that MTS Systems Co. will post 2.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, December 13th. MTS Systems’s dividend payout ratio (DPR) is presently 49.18%.

In other news, CEO Jeffrey A. Graves purchased 33,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of $18.46 per share, with a total value of $609,180.00. Also, CEO Jeffrey A. Graves purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $46.40 per share, with a total value of $92,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 46,880 shares of company stock valued at $1,247,219. Company insiders own 1.90% of the company’s stock.

MTSC has been the topic of several research reports. TheStreet lowered shares of MTS Systems from a “b-” rating to a “c+” rating in a research note on Thursday, December 19th. ValuEngine upgraded shares of MTS Systems from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. BidaskClub raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Sidoti lowered shares of MTS Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $69.00 to $60.00 in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $58.67.

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

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