1492 Capital Management LLC Invests $1.73 Million in MTS Systems Co. (MTSC) Stock

1492 Capital Management LLC purchased a new position in MTS Systems Co. (NASDAQ:MTSC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,239 shares of the scientific and technical instruments company’s stock, valued at approximately $1,731,000. MTS Systems makes up approximately 1.3% of 1492 Capital Management LLC’s portfolio, making the stock its 26th biggest position. 1492 Capital Management LLC owned 0.18% of MTS Systems at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MTSC. Advisor Group Inc. boosted its holdings in MTS Systems by 209.6% in the fourth quarter. Advisor Group Inc. now owns 3,192 shares of the scientific and technical instruments company’s stock worth $171,000 after acquiring an additional 2,161 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in MTS Systems in the third quarter worth about $201,000. Landscape Capital Management L.L.C. acquired a new stake in MTS Systems in the fourth quarter worth about $201,000. Jefferies Group LLC acquired a new stake in MTS Systems in the fourth quarter worth about $220,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in MTS Systems in the third quarter worth about $267,000. 99.00% of the stock is owned by institutional investors and hedge funds.

Shares of MTS Systems Co. (MTSC) opened at $53.50 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.20 and a debt-to-equity ratio of 0.83. MTS Systems Co. has a twelve month low of $44.65 and a twelve month high of $57.50. The company has a market capitalization of $930.78, a PE ratio of 17.96, a P/E/G ratio of 2.20 and a beta of 1.13.

MTS Systems (NASDAQ:MTSC) last released its earnings results on Monday, February 5th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the Zacks’ 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 firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. analysts expect that MTS Systems Co. will post 2.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, March 16th. MTS Systems’s dividend payout ratio (DPR) is 40.82%.

Several brokerages have weighed in on MTSC. BidaskClub downgraded MTS Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Zacks Investment Research raised MTS Systems from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, B. Riley set a $70.00 price target on MTS Systems and gave the stock a “buy” rating in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target 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.

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

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