Virginia Retirement Systems ET AL bought a new position in MTS Systems Corporation (NASDAQ:MTSC) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 5,000 shares of the scientific and technical instruments company’s stock, valued at approximately $267,000.
Several other large investors also recently bought and sold shares of MTSC. SG Americas Securities LLC purchased a new stake in shares of MTS Systems in the 2nd quarter worth about $110,000. Mosaic Family Wealth LLC lifted its position in shares of MTS Systems by 5.8% in the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock worth $174,000 after purchasing an additional 185 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of MTS Systems in the 3rd quarter worth about $201,000. Wedbush Securities Inc. purchased a new stake in shares of MTS Systems in the 3rd quarter worth about $214,000. Finally, Good Life Advisors LLC lifted its position in shares of MTS Systems by 0.7% in the 2nd quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock worth $219,000 after purchasing an additional 31 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on MTSC shares. B. Riley set a $70.00 target price on shares of MTS Systems and gave the stock a “buy” rating in a research report on Monday, November 27th. FBR & Co reaffirmed a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of MTS Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.50.
MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. MTS Systems had a net margin of 3.18% and a return on equity of 10.32%. The company had revenue of $201.50 million during the quarter, compared to analysts’ expectations of $195.24 million. During the same period last year, the company posted $0.55 EPS. MTS Systems’s revenue was down 6.2% on a year-over-year basis. equities analysts anticipate that MTS Systems Corporation will post 2.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.16%. MTS Systems’s dividend payout ratio (DPR) is currently 91.60%.
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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