Schwab Charles Investment Management Inc. raised its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 10.0% during the first quarter, Holdings Channel reports. The firm owned 109,744 shares of the scientific and technical instruments company’s stock after buying an additional 9,979 shares during the period. Schwab Charles Investment Management Inc.’s holdings in MTS Systems Corporation were worth $6,042,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its position in shares of MTS Systems Corporation by 41.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 7,988 shares of the scientific and technical instruments company’s stock worth $453,000 after buying an additional 2,332 shares during the period. Ameriprise Financial Inc. boosted its position in shares of MTS Systems Corporation by 14.4% in the first quarter. Ameriprise Financial Inc. now owns 300,376 shares of the scientific and technical instruments company’s stock worth $16,535,000 after buying an additional 37,737 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of MTS Systems Corporation by 13.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,814 shares of the scientific and technical instruments company’s stock worth $1,091,000 after buying an additional 2,350 shares during the period. Norges Bank acquired a new position in shares of MTS Systems Corporation during the fourth quarter worth about $11,982,000. Finally, Dubuque Bank & Trust Co. acquired a new position in shares of MTS Systems Corporation during the first quarter worth about $203,000.
MTS Systems Corporation (MTSC) traded up 0.10% during mid-day trading on Friday, reaching $51.55. 34,588 shares of the company’s stock were exchanged. MTS Systems Corporation has a one year low of $41.53 and a one year high of $59.00. The company’s 50-day moving average is $52.74 and its 200 day moving average is $53.09. The firm has a market capitalization of $863.00 million, a P/E ratio of 43.39 and a beta of 1.29.
MTS Systems Corporation (NASDAQ:MTSC) last released its quarterly earnings results on Monday, May 8th. The scientific and technical instruments company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.19. The business had revenue of $193.42 million during the quarter, compared to analyst estimates of $185.54 million. MTS Systems Corporation had a net margin of 2.83% and a return on equity of 12.81%. During the same period in the prior year, the firm posted $0.27 earnings per share. Equities analysts predict that MTS Systems Corporation will post $2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given 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 is Friday, September 15th. MTS Systems Corporation’s payout ratio is 98.36%.
MTSC has been the subject of a number of recent research reports. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet cut shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a research report on Monday, April 17th. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, FBR & Co restated an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.67.
In other news, insider David Hore purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average cost of $51.55 per share, with a total value of $257,750.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at approximately $257,750. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey A. Graves sold 1,426 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $54.40, for a total transaction of $77,574.40. The disclosure for this sale can be found here. 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.
Want to see what other hedge funds are holding MTSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MTS Systems Corporation (NASDAQ:MTSC).
Receive News & Ratings for MTS Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
