Teacher Retirement System of Texas acquired a new stake in MTS Systems Co. (NASDAQ:MTSC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,810 shares of the scientific and technical instruments company’s stock, valued at approximately $312,000.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new stake in shares of MTS Systems during the third quarter worth $201,000. Virginia Retirement Systems ET AL acquired a new stake in shares of MTS Systems during the third quarter worth $267,000. SG Americas Securities LLC lifted its holdings in shares of MTS Systems by 245.7% during the third quarter. SG Americas Securities LLC now owns 7,312 shares of the scientific and technical instruments company’s stock worth $391,000 after purchasing an additional 5,197 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of MTS Systems by 43.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 8,090 shares of the scientific and technical instruments company’s stock worth $432,000 after purchasing an additional 2,440 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of MTS Systems by 48.7% during the third quarter. BNP Paribas Arbitrage SA now owns 9,466 shares of the scientific and technical instruments company’s stock worth $506,000 after purchasing an additional 3,102 shares during the period. 99.00% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Several brokerages recently weighed in on MTSC. BidaskClub raised MTS Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Zacks Investment Research raised MTS Systems from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Friday, February 9th. Finally, B. Riley set a $70.00 price target on MTS Systems and gave the stock a “buy” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.00.

Shares of MTS Systems Co. (MTSC) opened at $52.70 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.20 and a debt-to-equity ratio of 0.83. MTS Systems Co. has a fifty-two week low of $44.65 and a fifty-two week high of $57.50. The firm has a market capitalization of $958.34, a price-to-earnings ratio of 25.91, a P/E/G ratio of 2.27 and a beta of 1.13.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $194.20 million for the quarter, compared to analyst estimates of $196.23 million. MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The firm’s revenue was down 2.6% compared to the same quarter last year. analysts anticipate that MTS Systems Co. will post 2.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, March 16th. MTS Systems’s payout ratio is 40.82%.

In other MTS Systems news, insider Jeffrey A. Graves acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was purchased at an average price of $53.58 per share, for a total transaction of $214,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chun Hung Yu acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was acquired at an average price of $53.29 per share, with a total value of $106,580.00. Following the transaction, the director now directly owns 39,901 shares of the company’s stock, valued at approximately $2,126,324.29. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/03/23/teacher-retirement-system-of-texas-acquires-new-holdings-in-mts-systems-co-mtsc.html.

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.

Institutional Ownership by Quarter for MTS Systems (NASDAQ:MTSC)

Receive News & Ratings for MTS Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems and related companies with MarketBeat.com's FREE daily email newsletter.