MTS Systems Co. (MTSC) Holdings Cut by Comerica Bank

Comerica Bank lessened its holdings in MTS Systems Co. (NASDAQ:MTSC) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,362 shares of the scientific and technical instruments company’s stock after selling 6,246 shares during the period. Comerica Bank owned about 0.21% of MTS Systems worth $2,005,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC grew its holdings in shares of MTS Systems by 12.1% during the second quarter. TIAA CREF Investment Management LLC now owns 48,849 shares of the scientific and technical instruments company’s stock worth $2,530,000 after purchasing an additional 5,262 shares during the last quarter. Northern Trust Corp grew its holdings in shares of MTS Systems by 3.5% during the second quarter. Northern Trust Corp now owns 270,288 shares of the scientific and technical instruments company’s stock worth $14,000,000 after purchasing an additional 9,201 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of MTS Systems by 8.0% during the second quarter. California Public Employees Retirement System now owns 36,500 shares of the scientific and technical instruments company’s stock worth $1,891,000 after purchasing an additional 2,700 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of MTS Systems by 9.0% during the second quarter. Parametric Portfolio Associates LLC now owns 37,958 shares of the scientific and technical instruments company’s stock worth $1,966,000 after purchasing an additional 3,140 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of MTS Systems by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 627,954 shares of the scientific and technical instruments company’s stock worth $32,528,000 after purchasing an additional 30,667 shares during the last quarter. Hedge funds and other institutional investors own 96.61% of the company’s stock.

MTSC has been the topic of several research reports. B. Riley restated a “buy” rating on shares of MTS Systems in a report on Wednesday, November 1st. Zacks Investment Research upgraded MTS Systems from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, BidaskClub cut MTS Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $62.00.

Shares of MTS Systems Co. (MTSC) opened at $49.60 on Friday. MTS Systems Co. has a twelve month low of $44.65 and a twelve month high of $57.50. The company has a market capitalization of $879.22, a P/E ratio of 16.87, a P/E/G ratio of 2.08 and a beta of 1.12. The company has a quick ratio of 1.20, a current ratio of 1.71 and a debt-to-equity ratio of 0.83.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, March 16th. MTS Systems’s payout ratio is presently 40.82%.

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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)

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