Piermont Capital Management Inc. Invests $1.59 Million in MTS Systems Co. (MTSC) Stock

Piermont Capital Management Inc. acquired a new position in shares of MTS Systems Co. (NASDAQ:MTSC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,080 shares of the scientific and technical instruments company’s stock, valued at approximately $1,592,000.

Several other large investors also recently bought and sold shares of MTSC. Piedmont Investment Advisors LLC bought a new position in shares of MTS Systems during the 2nd quarter worth about $219,000. Dynamic Technology Lab Private Ltd bought a new position in shares of MTS Systems during the 2nd quarter worth about $232,000. Stone Ridge Asset Management LLC bought a new position in shares of MTS Systems during the 3rd quarter worth about $259,000. SG Americas Securities LLC increased its holdings in shares of MTS Systems by 164.8% during the 2nd quarter. SG Americas Securities LLC now owns 7,238 shares of the scientific and technical instruments company’s stock worth $381,000 after purchasing an additional 4,505 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of MTS Systems during the 3rd quarter worth about $387,000. Institutional investors own 97.97% of the company’s stock.

A number of analysts recently weighed in on MTSC shares. B. Riley set a $70.00 target price on shares of MTS Systems and gave the company a “buy” rating in a research note on Sunday, August 5th. Zacks Investment Research cut shares of MTS Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. ValuEngine raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, BidaskClub raised shares of MTS Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th.

NASDAQ MTSC opened at $47.75 on Tuesday. The stock has a market capitalization of $866.57 million, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01. MTS Systems Co. has a twelve month low of $42.00 and a twelve month high of $57.50. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

COPYRIGHT VIOLATION WARNING: This news story was first reported by WKRB News and is owned by of WKRB News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.wkrb13.com/2018/11/13/piermont-capital-management-inc-invests-1-59-million-in-mts-systems-co-mtsc-stock.html.

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.

Recommended Story: What is a Swap?

Want to see what other hedge funds are holding MTSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MTS Systems Co. (NASDAQ:MTSC).

Institutional Ownership by Quarter for MTS Systems (NASDAQ:MTSC)

Receive News & Ratings for MTS Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MTS Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply