Fuller & Thaler Asset Management Inc. cut its holdings in MTS Systems Co. (NASDAQ:MTSC) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the 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 about 0.08% of MTS Systems worth $76,817,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new position in shares of MTS Systems in the third quarter valued at about $201,000. Wedbush Securities Inc. acquired a new position in shares of MTS Systems in the third quarter valued at about $214,000. Virtu KCG Holdings LLC acquired a new position in shares of MTS Systems in the second quarter valued at about $220,000. Virginia Retirement Systems ET AL acquired a new position in shares of MTS Systems in the third quarter valued at about $267,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of MTS Systems in the fourth quarter valued at about $312,000. Institutional investors own 96.61% of the company’s stock.
A number of research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of MTS Systems in a report on Wednesday, November 1st. Zacks Investment Research raised MTS Systems from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Friday, February 9th. Finally, BidaskClub lowered MTS Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.00.
MTS Systems (NASDAQ:MTSC) last posted its earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $194.20 million for the quarter, compared to analyst estimates of $196.23 million. MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. analysts predict that MTS Systems Co. will post 2.38 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend 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 40.82%.
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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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