SG Americas Securities LLC raised its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 245.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,312 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,197 shares during the period. SG Americas Securities LLC’s holdings in MTS Systems were worth $391,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mosaic Family Wealth LLC raised its stake in shares of MTS Systems by 5.8% during 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 in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of MTS Systems during the 3rd quarter worth about $201,000. Wedbush Securities Inc. purchased a new stake in shares of MTS Systems during the 3rd quarter worth about $214,000. Good Life Advisors LLC raised its stake in shares of MTS Systems by 0.7% during 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 in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of MTS Systems during the 2nd quarter worth about $220,000. 97.99% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on MTSC shares. B. Riley set a $70.00 price target on MTS Systems and gave the stock a “buy” rating in a research note on Monday, November 27th. FBR & Co reissued a “buy” rating on shares of MTS Systems in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised MTS Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. MTS Systems has a consensus rating of “Hold” and an average target price of $65.50.
MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The business had revenue of $201.50 million for the quarter, compared to the consensus estimate of $195.24 million. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. research analysts predict that MTS Systems Corporation will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, December 15th. MTS Systems’s dividend payout ratio (DPR) is currently 91.60%.
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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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