MTS Systems Co. (MTSC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its stake in MTS Systems Co. (NASDAQ:MTSC) by 53.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,868 shares of the scientific and technical instruments company’s stock after selling 9,175 shares during the period. Two Sigma Investments LP’s holdings in MTS Systems were worth $423,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arizona State Retirement System grew its holdings in shares of MTS Systems by 241.4% in the fourth quarter. Arizona State Retirement System now owns 29,883 shares of the scientific and technical instruments company’s stock valued at $1,605,000 after purchasing an additional 21,130 shares in the last quarter. BlackRock Inc. grew its holdings in shares of MTS Systems by 2.5% in the fourth quarter. BlackRock Inc. now owns 2,201,945 shares of the scientific and technical instruments company’s stock valued at $118,244,000 after purchasing an additional 53,456 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of MTS Systems by 30.7% in the fourth quarter. Pinebridge Investments L.P. now owns 26,797 shares of the scientific and technical instruments company’s stock valued at $1,440,000 after purchasing an additional 6,291 shares in the last quarter. Swiss National Bank grew its holdings in shares of MTS Systems by 5.5% in the fourth quarter. Swiss National Bank now owns 28,900 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after purchasing an additional 1,500 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of MTS Systems in the third quarter valued at approximately $1,522,000. Hedge funds and other institutional investors own 99.00% of the company’s stock.

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Shares of MTSC stock opened at $51.25 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $906.78, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. MTS Systems Co. has a fifty-two week low of $45.22 and a fifty-two week high of $57.50.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). MTS Systems had a return on equity of 9.33% and a net margin of 7.22%. The firm had revenue of $194.20 million for the quarter, compared to analyst estimates of $196.23 million. The company’s revenue was down 2.6% on a year-over-year basis. research analysts predict that MTS Systems Co. will post 2.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, March 16th. MTS Systems’s dividend payout ratio (DPR) is presently 54.05%.

In other news, Director Chun Hung Yu purchased 2,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $53.29 per share, for a total transaction of $106,580.00. Following the acquisition, the director now directly owns 39,901 shares of the company’s stock, valued at approximately $2,126,324.29. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey A. Graves purchased 4,000 shares of the stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $53.58 per share, with a total value of $214,320.00. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

MTSC has been the subject of a number of research reports. B. Riley set a $70.00 price objective on shares of MTS Systems and gave the company a “buy” rating in a report on Tuesday, February 6th. BidaskClub upgraded shares of MTS Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, March 3rd. Finally, Zacks Investment Research cut shares of MTS Systems from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.00.

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

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