Pinebridge Investments L.P. Increases Stock Holdings in MTS Systems Co. (NASDAQ:MTSC)

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Pinebridge Investments L.P. increased its holdings in shares of MTS Systems Co. (NASDAQ:MTSC) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,250 shares of the scientific and technical instruments company’s stock after buying an additional 1,763 shares during the quarter. Pinebridge Investments L.P. owned 0.11% of MTS Systems worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in MTSC. Walthausen & Co. LLC purchased a new stake in MTS Systems during the 1st quarter valued at about $6,279,000. Dimensional Fund Advisors LP grew its stake in MTS Systems by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 943,097 shares of the scientific and technical instruments company’s stock valued at $37,847,000 after purchasing an additional 69,717 shares during the last quarter. Dean Investment Associates LLC grew its stake in MTS Systems by 44.5% during the 1st quarter. Dean Investment Associates LLC now owns 109,141 shares of the scientific and technical instruments company’s stock valued at $5,944,000 after purchasing an additional 33,615 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in MTS Systems by 407.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,701 shares of the scientific and technical instruments company’s stock valued at $1,680,000 after purchasing an additional 23,045 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in MTS Systems by 6.3% during the 2nd quarter. Wells Fargo & Company MN now owns 384,709 shares of the scientific and technical instruments company’s stock valued at $22,517,000 after purchasing an additional 22,690 shares during the last quarter. Hedge funds and other institutional investors own 99.14% of the company’s stock.

Several analysts have weighed in on the company. BidaskClub downgraded MTS Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. ValuEngine downgraded MTS Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.00.

Shares of MTSC stock traded up $0.83 on Thursday, hitting $57.04. The company had a trading volume of 1,624 shares, compared to its average volume of 94,129. The firm has a market cap of $1.01 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.31. The company has a 50-day moving average price of $57.91 and a 200-day moving average price of $56.11. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.88. MTS Systems Co. has a twelve month low of $38.42 and a twelve month high of $63.31.

MTS Systems (NASDAQ:MTSC) last issued its quarterly earnings data on Monday, August 5th. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The business had revenue of $232.20 million during the quarter, compared to analysts’ expectations of $211.96 million. MTS Systems had a return on equity of 10.77% and a net margin of 5.66%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Equities research analysts expect that MTS Systems Co. will post 2.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. MTS Systems’s dividend payout ratio (DPR) is presently 36.59%.

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, 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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