First Trust Advisors LP Takes $737,000 Position in MTS Systems Corporation (MTSC)
First Trust Advisors LP bought a new stake in shares of MTS Systems Corporation (NASDAQ:MTSC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,788 shares of the scientific and technical instruments company’s stock, valued at approximately $737,000. First Trust Advisors LP owned about 0.08% of MTS Systems as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MTSC. Denver Investment Advisors LLC lifted its holdings in MTS Systems by 46.7% during the second quarter. Denver Investment Advisors LLC now owns 461,557 shares of the scientific and technical instruments company’s stock worth $23,909,000 after acquiring an additional 146,953 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in MTS Systems by 168.5% during the second quarter. Brandywine Global Investment Management LLC now owns 206,810 shares of the scientific and technical instruments company’s stock worth $10,713,000 after acquiring an additional 129,799 shares during the period. Kennedy Capital Management Inc. lifted its holdings in MTS Systems by 192.2% during the second quarter. Kennedy Capital Management Inc. now owns 131,439 shares of the scientific and technical instruments company’s stock worth $6,809,000 after acquiring an additional 86,450 shares during the period. Loews Corp lifted its holdings in MTS Systems by 48.1% during the second quarter. Loews Corp now owns 200,000 shares of the scientific and technical instruments company’s stock worth $10,360,000 after acquiring an additional 65,000 shares during the period. Finally, Rafferty Asset Management LLC bought a new stake in MTS Systems during the second quarter worth $2,836,000. 97.99% of the stock is currently owned by institutional investors.
Shares of MTS Systems Corporation (MTSC) opened at $55.95 on Thursday. The stock has a market capitalization of $995.53, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.33. MTS Systems Corporation has a one year low of $44.65 and a one year high of $59.00.
MTS Systems (NASDAQ:MTSC) last issued its earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The firm had revenue of $201.50 million for the quarter, compared to analyst estimates of $195.24 million. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. equities research analysts predict that MTS Systems Corporation will post 2.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. MTS Systems’s payout ratio is 91.60%.
Several brokerages have issued reports on MTSC. Zacks Investment Research upgraded MTS Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. B. Riley set a $70.00 target price on MTS Systems and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, FBR & Co restated a “buy” rating on shares of MTS Systems in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $65.50.
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MTS Systems Company 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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