Metropolitan Life Insurance Co. NY Holds Position in MTS Systems Corporation (MTSC)
Metropolitan Life Insurance Co. NY maintained its stake in MTS Systems Corporation (NASDAQ:MTSC) during the first quarter, Holdings Channel reports. The firm owned 10,932 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in MTS Systems Corporation were worth $602,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in 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 valued at $16,535,000 after buying an additional 37,737 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in 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 valued at $1,091,000 after buying an additional 2,350 shares in the last quarter. Dubuque Bank & Trust Co. bought a new stake in MTS Systems Corporation during the first quarter valued at approximately $203,000. Norges Bank bought a new stake in MTS Systems Corporation during the fourth quarter valued at approximately $11,982,000. Finally, Nordea Investment Management AB boosted its stake in MTS Systems Corporation by 13.3% in the first quarter. Nordea Investment Management AB now owns 27,142 shares of the scientific and technical instruments company’s stock valued at $1,494,000 after buying an additional 3,190 shares in the last quarter.
Shares of MTS Systems Corporation (NASDAQ MTSC) traded down 8.29% during trading on Wednesday, reaching $49.20. 42,136 shares of the company traded hands. MTS Systems Corporation has a 12 month low of $41.53 and a 12 month high of $59.00. The stock’s 50 day moving average price is $52.51 and its 200-day moving average price is $53.06. The stock has a market cap of $823.66 million, a P/E ratio of 41.41 and a beta of 1.29.
MTS Systems Corporation (NASDAQ:MTSC) last released its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. MTS Systems Corporation had a return on equity of 12.62% and a net margin of 3.13%. The firm had revenue of $194 million during the quarter, compared to the consensus estimate of $193.03 million. During the same quarter in the prior year, the firm posted $0.78 EPS. The business’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that MTS Systems Corporation will post $2.24 EPS 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 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio (DPR) is currently 91.60%.
MTSC has been the subject of several research reports. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. TheStreet cut shares of MTS Systems Corporation from a “b-” rating to a “c” rating in a report on Monday, April 17th. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, FBR & Co restated an “outperform” rating on shares of MTS Systems Corporation in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $55.67.
In other MTS Systems Corporation news, insider Jeffrey A. Graves sold 23,820 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $54.10, for a total transaction of $1,288,662.00. Following the completion of the transaction, the insider now owns 50,514 shares of the company’s stock, valued at approximately $2,732,807.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.
About MTS Systems Corporation
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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