SG Americas Securities LLC raised its position in shares of MTS Systems Co. (NASDAQ:MTSC) by 164.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,238 shares of the scientific and technical instruments company’s stock after buying an additional 4,505 shares during the quarter. SG Americas Securities LLC’s holdings in MTS Systems were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MTSC. Wells Fargo & Company MN lifted its stake in MTS Systems by 14.7% during the first quarter. Wells Fargo & Company MN now owns 212,621 shares of the scientific and technical instruments company’s stock valued at $10,982,000 after buying an additional 27,310 shares in the last quarter. Rhumbline Advisers lifted its stake in MTS Systems by 3.9% during the first quarter. Rhumbline Advisers now owns 47,422 shares of the scientific and technical instruments company’s stock valued at $2,449,000 after buying an additional 1,795 shares in the last quarter. Victory Capital Management Inc. lifted its stake in MTS Systems by 48.2% during the first quarter. Victory Capital Management Inc. now owns 20,224 shares of the scientific and technical instruments company’s stock valued at $1,045,000 after buying an additional 6,577 shares in the last quarter. Swiss National Bank lifted its stake in MTS Systems by 8.3% during the first quarter. Swiss National Bank now owns 31,300 shares of the scientific and technical instruments company’s stock valued at $1,617,000 after buying an additional 2,400 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in MTS Systems by 12.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 140,802 shares of the scientific and technical instruments company’s stock valued at $7,273,000 after buying an additional 15,133 shares in the last quarter. 97.53% of the stock is owned by institutional investors.

Shares of NASDAQ MTSC traded down $0.72 during mid-day trading on Friday, reaching $50.81. The company had a trading volume of 81,818 shares, compared to its average volume of 70,558. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.09. The firm has a market capitalization of $977.84 million, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.67 and a beta of 0.90. MTS Systems Co. has a 12-month low of $42.00 and a 12-month high of $57.50.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, August 6th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.15). The company had revenue of $194.67 million during the quarter, compared to analysts’ expectations of $204.63 million. MTS Systems had a return on equity of 7.56% and a net margin of 7.18%. MTS Systems’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. On average, analysts predict that MTS Systems Co. will post 2.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 17th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, September 14th. MTS Systems’s dividend payout ratio (DPR) is 54.05%.

A number of analysts have commented on MTSC shares. Zacks Investment Research lowered shares of MTS Systems from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research note on Friday. B. Riley set a $70.00 price objective on shares of MTS Systems and gave the company a “buy” rating in a research note on Sunday, August 5th. Finally, ValuEngine raised shares of MTS Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd.

About MTS Systems

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.

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

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