JPMorgan Chase & Co. lifted its stake in shares of MTS Systems Co. (NASDAQ:MTSC) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 317,079 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,090 shares during the period. JPMorgan Chase & Co. owned 1.78% of MTS Systems worth $17,361,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new position in MTS Systems in the second quarter valued at approximately $219,000. Dynamic Technology Lab Private Ltd purchased a new position in MTS Systems in the second quarter valued at approximately $232,000. Stone Ridge Asset Management LLC purchased a new position in MTS Systems in the third quarter valued at approximately $259,000. SG Americas Securities LLC raised its holdings in MTS Systems by 164.8% in the second quarter. SG Americas Securities LLC now owns 7,238 shares of the scientific and technical instruments company’s stock valued at $381,000 after buying an additional 4,505 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in MTS Systems in the third quarter valued at approximately $387,000. Institutional investors and hedge funds own 97.10% of the company’s stock.
NASDAQ MTSC opened at $48.80 on Thursday. MTS Systems Co. has a one year low of $42.00 and a one year high of $57.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.21 and a current ratio of 1.79. The company has a market capitalization of $872.06 million, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01.
MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, November 26th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). MTS Systems had a net margin of 7.88% and a return on equity of 8.06%. The firm had revenue of $198.00 million during the quarter, compared to analyst estimates of $202.72 million. During the same period last year, the business earned $0.44 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts predict that MTS Systems Co. will post 2.6 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, December 14th. MTS Systems’s payout ratio is currently 36.59%.
Several research analysts recently commented on MTSC shares. Zacks Investment Research upgraded shares of MTS Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th. BidaskClub upgraded shares of MTS Systems from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, ValuEngine lowered shares of MTS Systems from a “buy” rating to a “hold” rating in a report on Monday, October 29th.
In other MTS Systems news, Director Michael V. Schrock acquired 9,400 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was purchased at an average price of $50.11 per share, with a total value of $471,034.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey A. Graves acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was acquired at an average cost of $45.98 per share, with a total value of $91,960.00. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.
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About MTS Systems
MTS Systems Corporation supplies test systems and sensors in the Americas, Europe, and Asia. The company's Test segment offers road simulators and component test systems for durability testing; vehicle performance test systems; vehicle dynamics simulators; electrical motors and energy recovery systems; tire performance and rolling resistance measurement systems; and moving ground-plane systems and balances.
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