MTS Systems Co. (MTSC) Shares Bought by Sei Investments Co.

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Sei Investments Co. grew its holdings in shares of MTS Systems Co. (NASDAQ:MTSC) by 602.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,606 shares of the scientific and technical instruments company’s stock after buying an additional 8,238 shares during the quarter. Sei Investments Co. owned approximately 0.05% of MTS Systems worth $506,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in MTS Systems during the 1st quarter worth about $141,000. Piedmont Investment Advisors LLC bought a new stake in MTS Systems during the 2nd quarter worth about $219,000. Pitcairn Co. bought a new stake in MTS Systems during the 1st quarter worth about $284,000. Commonwealth Equity Services LLC bought a new stake in MTS Systems during the 1st quarter worth about $299,000. Finally, Dubuque Bank & Trust Co. lifted its position in MTS Systems by 22.5% during the 1st quarter. Dubuque Bank & Trust Co. now owns 6,003 shares of the scientific and technical instruments company’s stock worth $310,000 after buying an additional 1,103 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MTSC stock opened at $54.95 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $954.62 million, a PE ratio of 29.86, a PEG ratio of 2.65 and a beta of 0.93. MTS Systems Co. has a 52-week low of $42.00 and a 52-week high of $57.50.

MTS Systems (NASDAQ:MTSC) last issued its earnings results on Monday, August 6th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.15). The firm had revenue of $194.67 million during the quarter, compared to the consensus estimate of $204.63 million. MTS Systems had a net margin of 7.18% and a return on equity of 7.56%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. equities analysts forecast that MTS Systems Co. will post 2.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.18%. MTS Systems’s payout ratio is 54.05%.

Several brokerages have commented on MTSC. BidaskClub raised shares of MTS Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. ValuEngine raised shares of MTS Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research cut shares of MTS Systems from a “hold” rating to a “sell” rating in a report on Friday, August 10th. Finally, B. Riley set a $70.00 target price on shares of MTS Systems and gave the company a “buy” rating in a report on Sunday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $62.00.

MTS Systems Company Profile

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.

Further Reading: Book Value Per Share in Stock Trading

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

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