Creative Planning bought a new stake in MTS Systems Co. (NASDAQ:MTSC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,634 shares of the scientific and technical instruments company’s stock, valued at approximately $329,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its stake in MTS Systems by 59.7% in the first quarter. SG Americas Securities LLC now owns 17,814 shares of the scientific and technical instruments company’s stock valued at $401,000 after acquiring an additional 6,657 shares during the last quarter. BlackRock Inc. increased its stake in MTS Systems by 2.0% in the first quarter. BlackRock Inc. now owns 3,105,039 shares of the scientific and technical instruments company’s stock valued at $69,863,000 after acquiring an additional 60,470 shares during the last quarter. Comerica Bank increased its stake in MTS Systems by 10.5% in the first quarter. Comerica Bank now owns 27,679 shares of the scientific and technical instruments company’s stock valued at $474,000 after acquiring an additional 2,634 shares during the last quarter. Ziegler Capital Management LLC bought a new position in MTS Systems in the first quarter valued at $614,000. Finally, Guyasuta Investment Advisors Inc. grew its stake in shares of MTS Systems by 9.8% during the first quarter. Guyasuta Investment Advisors Inc. now owns 22,360 shares of the scientific and technical instruments company’s stock valued at $503,000 after buying an additional 2,000 shares during the last quarter. 94.78% of the stock is currently owned by institutional investors and hedge funds.
MTS Systems stock opened at $16.84 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average of $19.11 and a 200-day moving average of $39.04. The firm has a market cap of $316.11 million, a P/E ratio of 14.52 and a beta of 1.49. MTS Systems Co. has a 1-year low of $13.15 and a 1-year high of $63.31.
MTS Systems (NASDAQ:MTSC) last posted its earnings results on Monday, May 4th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $211.46 million during the quarter. MTS Systems had a net margin of 2.59% and a return on equity of 6.83%.
MTSC has been the topic of a number of recent research reports. BidaskClub cut MTS Systems from a “sell” rating to a “strong sell” rating in a research note on Friday. ValuEngine cut MTS Systems from a “hold” rating to a “sell” rating in a research note on Monday, May 4th. Wells Fargo & Co cut MTS Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $30.00 to $14.00 in a research note on Friday, April 17th. Finally, Sidoti raised MTS Systems from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 10th. Three equities research analysts have rated the stock with a sell rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.
MTS Systems 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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