Teacher Retirement System of Texas Acquires New Holdings in MTS Systems Co. (MTSC)
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.
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.
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.
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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