Vanguard Group Inc. boosted its holdings in shares of MTS Systems Co. (NASDAQ:MTSC) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,811,620 shares of the scientific and technical instruments company’s stock after acquiring an additional 38,658 shares during the period. Vanguard Group Inc. owned 0.10% of MTS Systems worth $99,186,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Teachers Advisors LLC lifted its position in MTS Systems by 4.2% during the 3rd quarter. Teachers Advisors LLC now owns 35,141 shares of the scientific and technical instruments company’s stock valued at $1,924,000 after acquiring an additional 1,431 shares during the period. Legal & General Group Plc lifted its position in MTS Systems by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 38,676 shares of the scientific and technical instruments company’s stock valued at $2,030,000 after acquiring an additional 1,955 shares during the period. Victory Capital Management Inc. lifted its position in MTS Systems by 9.6% during the 3rd quarter. Victory Capital Management Inc. now owns 22,606 shares of the scientific and technical instruments company’s stock valued at $1,238,000 after acquiring an additional 1,975 shares during the period. MetLife Investment Advisors LLC increased its stake in MTS Systems by 56.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,738 shares of the scientific and technical instruments company’s stock valued at $643,000 after purchasing an additional 4,256 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in MTS Systems during the 3rd quarter valued at about $233,000. 94.70% of the stock is owned by institutional investors.
In other news, Director Michael V. Schrock acquired 9,400 shares of MTS Systems stock in a transaction on Monday, December 3rd. The stock was acquired at an average cost of $50.11 per share, for a total transaction of $471,034.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey A. Graves acquired 2,000 shares of MTS Systems stock in a transaction on Tuesday, December 11th. The shares were purchased at an average price of $46.80 per share, with a total value of $93,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 13,400 shares of company stock valued at $656,594. 2.10% of the stock is owned by company insiders.
A number of analysts have weighed in on the stock. BidaskClub lowered shares of MTS Systems from a “hold” rating to a “sell” rating in a research note on Saturday, December 22nd. Zacks Investment Research upgraded shares of MTS Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, ValuEngine lowered shares of MTS Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd.
NASDAQ:MTSC opened at $49.15 on Thursday. The stock has a market cap of $869.80 million, a price-to-earnings ratio of 14.98, a PEG ratio of 1.95 and a beta of 1.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.79 and a quick ratio of 1.21. MTS Systems Co. has a fifty-two week low of $38.42 and a fifty-two week high of $57.00.
MTS Systems (NASDAQ:MTSC) last released its quarterly earnings data on Monday, November 26th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). The firm had revenue of $198.00 million for the quarter, compared to the consensus estimate of $202.72 million. MTS Systems had a net margin of 7.88% and a return on equity of 8.06%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Equities research analysts expect that MTS Systems Co. will post 2.49 earnings per share for the current year.
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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.
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