Gotham Asset Management LLC Purchases Shares of 9,049 MTS Systems Co. (MTSC)
Gotham Asset Management LLC purchased a new position in shares of MTS Systems Co. (NASDAQ:MTSC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,049 shares of the scientific and technical instruments company’s stock, valued at approximately $469,000. Gotham Asset Management LLC owned approximately 0.05% of MTS Systems as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in MTS Systems during the 2nd quarter worth approximately $110,000. State of Alaska Department of Revenue lifted its position in MTS Systems by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,304 shares of the scientific and technical instruments company’s stock worth $171,000 after acquiring an additional 1,454 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in MTS Systems by 5.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 3,361 shares of the scientific and technical instruments company’s stock worth $174,000 after acquiring an additional 185 shares in the last quarter. Mason Street Advisors LLC lifted its position in MTS Systems by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,899 shares of the scientific and technical instruments company’s stock worth $215,000 after acquiring an additional 255 shares in the last quarter. Finally, Good Life Advisors LLC lifted its position in MTS Systems by 0.7% during the 2nd quarter. Good Life Advisors LLC now owns 4,281 shares of the scientific and technical instruments company’s stock worth $219,000 after acquiring an additional 31 shares in the last quarter.
In related news, insider David Hore acquired 5,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were acquired at an average price of $47.13 per share, with a total value of $235,650.00. Following the acquisition, the insider now owns 20,977 shares in the company, valued at approximately $988,646.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey A. Graves acquired 1,000 shares of the stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $48.31 per share, for a total transaction of $48,310.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 20,000 shares of company stock worth $951,560. 1.80% of the stock is currently owned by insiders.
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MTS Systems Co. (MTSC) opened at 52.50 on Friday. MTS Systems Co. has a 52-week low of $44.63 and a 52-week high of $59.00. The firm has a market capitalization of $890.14 million, a price-to-earnings ratio of 40.17 and a beta of 1.28. The company’s 50-day moving average price is $51.62 and its 200 day moving average price is $50.96.
MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. The business had revenue of $194.00 million for the quarter, compared to analyst estimates of $193.03 million. MTS Systems had a return on equity of 10.34% and a net margin of 5.48%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities research analysts predict that MTS Systems Co. will post $2.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, September 15th. MTS Systems’s dividend payout ratio is 91.60%.
Several equities analysts recently commented on the company. FBR & Co reissued an “outperform” rating on shares of MTS Systems in a research report on Tuesday, July 11th. BidaskClub lowered MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered MTS Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.00.
About MTS Systems
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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