MTS Systems Corporation (MTSC) Shares Bought by Elk Creek Partners LLC
Elk Creek Partners LLC boosted its position in MTS Systems Corporation (NASDAQ:MTSC) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,787 shares of the scientific and technical instruments company’s stock after purchasing an additional 18,735 shares during the period. Elk Creek Partners LLC owned about 0.92% of MTS Systems Corporation worth $7,966,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in MTS Systems Corporation in the second quarter valued at approximately $110,000. State of Alaska Department of Revenue lifted its stake in MTS Systems Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 3,304 shares of the scientific and technical instruments company’s stock valued at $171,000 after purchasing an additional 1,454 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in MTS Systems Corporation by 5.8% in the second quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock valued at $174,000 after purchasing an additional 185 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in MTS Systems Corporation by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,535 shares of the scientific and technical instruments company’s stock valued at $195,000 after purchasing an additional 384 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in MTS Systems Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock valued at $215,000 after purchasing an additional 255 shares during the last quarter.
MTS Systems Corporation (MTSC) traded up 2.33% during trading on Friday, reaching $50.55. The company had a trading volume of 152,951 shares. MTS Systems Corporation has a 12-month low of $41.53 and a 12-month high of $59.00. The firm has a market capitalization of $857.08 million, a PE ratio of 38.68 and a beta of 1.27. The firm’s 50 day moving average price is $48.83 and its 200 day moving average price is $51.18.
MTS Systems Corporation (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. The business had revenue of $194.00 million for the quarter, compared to analysts’ expectations of $193.03 million. MTS Systems Corporation had a net margin of 3.13% and a return on equity of 12.49%. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. Equities research 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. Stockholders of record on Monday, September 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, September 15th. MTS Systems Corporation’s dividend payout ratio is presently 91.60%.
WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/17/mts-systems-corporation-mtsc-shares-bought-by-elk-creek-partners-llc.html.
Several equities analysts recently commented on MTSC shares. Zacks Investment Research downgraded MTS Systems Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. FBR & Co reiterated an “outperform” rating on shares of MTS Systems Corporation in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded MTS Systems Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. MTS Systems Corporation presently has a consensus rating of “Hold” and a consensus price target of $55.67.
In other MTS Systems Corporation news, insider David Hore purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $48.20 per share, for a total transaction of $482,000.00. Following the purchase, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $723,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey A. Graves purchased 1,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $48.31 per share, for a total transaction of $48,310.00. The disclosure for this purchase can be found here. Insiders have bought a total of 20,000 shares of company stock worth $951,560 in the last quarter. Corporate insiders own 1.50% of the company’s stock.
MTS Systems Corporation 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.
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.