MTS Systems Corporation (MTSC) Holdings Increased by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. raised its position in shares of MTS Systems Corporation (NASDAQ:MTSC) by 192.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,439 shares of the scientific and technical instruments company’s stock after purchasing an additional 86,450 shares during the quarter. Kennedy Capital Management Inc. owned 0.79% of MTS Systems Corporation worth $6,809,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. State of Alaska Department of Revenue grew its holdings in shares of MTS Systems Corporation by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 1,850 shares of the scientific and technical instruments company’s stock valued at $101,000 after acquiring an additional 50 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of MTS Systems Corporation during the 2nd quarter valued at $110,000. Mosaic Family Wealth LLC grew its holdings in shares of MTS Systems Corporation 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 valued at $174,000 after acquiring an additional 185 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of MTS Systems Corporation by 12.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after acquiring an additional 384 shares in the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of MTS Systems Corporation by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock valued at $215,000 after acquiring an additional 255 shares in the last quarter.
In other MTS Systems Corporation news, insider Jeffrey A. Graves purchased 1,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $48.31 per share, for a total transaction of $48,310.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Hore purchased 10,000 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $48.20 per share, for a total transaction of $482,000.00. Following the completion of the purchase, the insider now directly owns 15,000 shares in the company, valued at approximately $723,000. The disclosure for this purchase can be found here. Insiders acquired a total of 20,000 shares of company stock worth $951,560 over the last quarter. Company insiders own 1.50% of the company’s stock.
Several research firms have recently commented on MTSC. BidaskClub cut shares of MTS Systems Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of MTS Systems Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. 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, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $55.67.
MTS Systems Corporation (NASDAQ MTSC) opened at 48.00 on Tuesday. The stock’s 50 day moving average is $49.24 and its 200 day moving average is $51.32. MTS Systems Corporation has a 12-month low of $41.53 and a 12-month high of $59.00. The stock has a market capitalization of $813.84 million, a PE ratio of 36.73 and a beta of 1.27.
MTS Systems Corporation (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The business had revenue of $194 million for the quarter, compared to analyst estimates of $193.03 million. During the same period last year, the business posted $0.78 earnings per share. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. Analysts forecast that MTS Systems Corporation will post $2.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 2.50%. MTS Systems Corporation’s payout ratio is currently 91.60%.
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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.
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