Oregon Public Employees Retirement Fund purchased a new stake in MTS Systems Co. (NASDAQ:MTSC) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,796 shares of the scientific and technical instruments company’s stock, valued at approximately $273,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of MTS Systems in the third quarter worth $387,000. Victory Capital Management Inc. lifted its position in MTS Systems by 9.6% during the third quarter. Victory Capital Management Inc. now owns 22,606 shares of the scientific and technical instruments company’s stock valued at $1,238,000 after purchasing an additional 1,975 shares in the last quarter. Wells Fargo & Company MN lifted its position in MTS Systems by 9.7% during the third quarter. Wells Fargo & Company MN now owns 238,353 shares of the scientific and technical instruments company’s stock valued at $13,051,000 after purchasing an additional 21,038 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in MTS Systems during the third quarter valued at $259,000. Finally, Bessemer Group Inc. lifted its position in MTS Systems by 36.9% during the third quarter. Bessemer Group Inc. now owns 21,900 shares of the scientific and technical instruments company’s stock valued at $1,199,000 after purchasing an additional 5,900 shares in the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on MTSC shares. ValuEngine downgraded MTS Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded MTS Systems from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded MTS Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 11th. Finally, TheStreet upgraded MTS Systems from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. MTS Systems presently has a consensus rating of “Buy” and an average target price of $64.50.
NASDAQ MTSC opened at $53.78 on Friday. The firm has a market cap of $949.37 million, a P/E ratio of 16.40, a P/E/G ratio of 2.00 and a beta of 1.45. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 0.92. MTS Systems Co. has a fifty-two week low of $38.42 and a fifty-two week high of $57.00.
MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, February 4th. The scientific and technical instruments company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The company had revenue of $203.20 million for the quarter, compared to the consensus estimate of $206.78 million. MTS Systems had a return on equity of 8.78% and a net margin of 4.91%. MTS Systems’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. On average, equities research analysts anticipate that MTS Systems Co. will post 2.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. MTS Systems’s payout ratio is 36.59%.
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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, 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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