MTS Systems Co. (MTSC) Director Acquires $471,034.00 in Stock

MTS Systems Co. (NASDAQ:MTSC) Director Michael V. Schrock acquired 9,400 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was acquired at an average cost of $50.11 per share, with a total value of $471,034.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of MTSC stock opened at $48.23 on Friday. MTS Systems Co. has a 12-month low of $42.00 and a 12-month high of $57.00. The company has a market capitalization of $872.06 million, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.79 and a quick ratio of 1.21.

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 analysts’ consensus estimates of $0.69 by ($0.08). MTS Systems had a return on equity of 8.06% and a net margin of 7.88%. The business had revenue of $198.00 million during the quarter, compared to the consensus estimate of $202.72 million. During the same period last year, the company earned $0.44 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that MTS Systems Co. will post 2.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Friday, December 14th. MTS Systems’s dividend payout ratio (DPR) is 36.59%.

A number of brokerages recently issued reports on MTSC. BidaskClub raised MTS Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. ValuEngine raised MTS Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Finally, Zacks Investment Research raised MTS Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th.

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in MTS Systems by 602.8% in the 2nd quarter. Renaissance Technologies LLC now owns 50,600 shares of the scientific and technical instruments company’s stock worth $2,664,000 after buying an additional 43,400 shares in the last quarter. Aristotle Capital Boston LLC bought a new position in MTS Systems during the 2nd quarter valued at $1,809,000. Dynamic Technology Lab Private Ltd bought a new position in MTS Systems during the 2nd quarter valued at $232,000. Bessemer Group Inc. boosted its stake in MTS Systems by 36.9% during the 3rd 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. Finally, Legal & General Group Plc boosted its stake in MTS Systems by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 38,676 shares of the scientific and technical instruments company’s stock valued at $2,030,000 after purchasing an additional 1,955 shares in the last quarter. 97.10% of the stock is owned by institutional investors and hedge funds.

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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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