MTS Systems Co. (NASDAQ:MTSC) Holdings Cut by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lowered its holdings in shares of MTS Systems Co. (NASDAQ:MTSC) by 26.3% during the second quarter, Holdings Channel reports. The firm owned 25,800 shares of the scientific and technical instruments company’s stock after selling 9,200 shares during the period. Virginia Retirement Systems ET AL’s holdings in MTS Systems were worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. THB Asset Management raised its holdings in shares of MTS Systems by 0.9% during the 1st quarter. THB Asset Management now owns 20,973 shares of the scientific and technical instruments company’s stock valued at $1,142,000 after purchasing an additional 180 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of MTS Systems by 3.6% during the 1st quarter. Mason Street Advisors LLC now owns 5,749 shares of the scientific and technical instruments company’s stock valued at $313,000 after purchasing an additional 199 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of MTS Systems by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 27,850 shares of the scientific and technical instruments company’s stock valued at $1,630,000 after purchasing an additional 234 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of MTS Systems by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,719 shares of the scientific and technical instruments company’s stock valued at $510,000 after purchasing an additional 279 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of MTS Systems by 1.7% during the 1st quarter. GHP Investment Advisors Inc. now owns 26,110 shares of the scientific and technical instruments company’s stock valued at $1,422,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 98.83% of the company’s stock.

In other news, CEO Jeffrey A. Graves bought 1,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of $56.31 per share, for a total transaction of $56,310.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Shares of MTS Systems stock traded down $0.05 during midday trading on Friday, reaching $60.86. 140,469 shares of the company’s stock traded hands, compared to its average volume of 178,481. The stock has a market capitalization of $1.09 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33. The firm has a 50 day moving average of $57.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.14 and a current ratio of 1.89. MTS Systems Co. has a 52 week low of $38.42 and a 52 week high of $63.31.

MTS Systems (NASDAQ:MTSC) last posted its earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. MTS Systems had a net margin of 5.66% and a return on equity of 10.77%. The business had revenue of $232.20 million for the quarter, compared to analyst estimates of $211.96 million. During the same period last year, the business posted $0.49 EPS. MTS Systems’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts expect that MTS Systems Co. will post 2.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. MTS Systems’s payout ratio is presently 36.59%.

A number of research analysts have recently weighed in on MTSC shares. Wells Fargo & Co set a $57.00 price target on shares of MTS Systems and gave the company a “market perform” rating in a report on Monday, May 20th. ValuEngine downgraded shares of MTS Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, BidaskClub upgraded shares of MTS Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. MTS Systems has an average rating of “Buy” and a consensus target price of $58.00.

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

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