Teachers Retirement System of The State of Kentucky continued to hold its position in MTS Systems Corporation (NASDAQ:MTSC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in MTS Systems Corporation were worth $242,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTSC. State of Alaska Department of Revenue raised its position in MTS Systems Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock worth $101,000 after buying an additional 50 shares during the period. Mosaic Family Wealth LLC raised its position in MTS Systems Corporation by 2.9% in the first quarter. Mosaic Family Wealth LLC now owns 3,176 shares of the scientific and technical instruments company’s stock worth $175,000 after buying an additional 91 shares during the period. BNP Paribas Arbitrage SA raised its position in MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock worth $195,000 after buying an additional 384 shares during the period. Dubuque Bank & Trust Co. bought a new position in MTS Systems Corporation during the first quarter worth about $203,000. Finally, Mason Street Advisors LLC raised its position in MTS Systems Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock worth $215,000 after buying an additional 255 shares during the period.
Shares of MTS Systems Corporation (MTSC) traded up 0.94% during mid-day trading on Friday, reaching $48.40. The company’s stock had a trading volume of 30,768 shares. The firm has a 50-day moving average of $52.09 and a 200-day moving average of $52.84. The firm has a market capitalization of $820.62 million, a PE ratio of 37.03 and a beta of 1.29. MTS Systems Corporation has a 52 week low of $41.53 and a 52 week high of $59.00.
MTS Systems Corporation (NASDAQ:MTSC) last posted its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The company had revenue of $194 million during the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 EPS. Equities research analysts forecast that MTS Systems Corporation will post $2.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. MTS Systems Corporation’s payout ratio is currently 91.60%.
MTSC has been the subject of a number of recent research reports. TheStreet lowered MTS Systems Corporation from a “b-” rating to a “c” rating in a report on Monday, April 17th. Zacks Investment Research upgraded MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 17th. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. Finally, BidaskClub lowered MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. MTS Systems Corporation presently has a consensus rating of “Hold” and a consensus target price of $55.67.
In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $54.10, for a total value of $1,288,662.00. Following the completion of the transaction, the insider now directly owns 50,514 shares of the company’s stock, valued at approximately $2,732,807.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
MTS Systems Corporation Company 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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