Citadel Advisors LLC Raises Stake in MTS Systems Corporation (MTSC)
Citadel Advisors LLC increased its position in MTS Systems Corporation (NASDAQ:MTSC) by 789.3% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 108,170 shares of the company’s stock after buying an additional 96,006 shares during the period. Citadel Advisors LLC owned 0.65% of MTS Systems Corporation worth $4,979,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Levin Capital Strategies L.P. bought a new stake in MTS Systems Corporation during the second quarter worth approximately $30,934,000. Loews Corp bought a new stake in MTS Systems Corporation during the second quarter worth approximately $12,056,000. Confluence Investment Management LLC boosted its stake in MTS Systems Corporation by 728.6% in the second quarter. Confluence Investment Management LLC now owns 262,705 shares of the company’s stock worth $11,517,000 after buying an additional 230,999 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of MTS Systems Corporation by 786.6% in the third quarter. JPMorgan Chase & Co. now owns 259,347 shares of the company’s stock worth $11,937,000 after buying an additional 230,094 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of MTS Systems Corporation by 13.1% in the second quarter. Vanguard Group Inc. now owns 1,303,099 shares of the company’s stock worth $57,128,000 after buying an additional 151,440 shares in the last quarter. Institutional investors and hedge funds own 97.10% of the company’s stock.
MTS Systems Corporation (NASDAQ:MTSC) traded up 1.082% on Friday, reaching $58.375. 39,481 shares of the company traded hands. The stock’s 50 day moving average price is $55.71 and its 200 day moving average price is $48.93. MTS Systems Corporation has a one year low of $41.53 and a one year high of $62.27. The company has a market capitalization of $973.34 million, a PE ratio of 28.351 and a beta of 1.58.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Monday, December 19th were issued a $0.30 dividend. The ex-dividend date was Thursday, December 15th. This represents a $1.20 annualized dividend and a yield of 2.08%. MTS Systems Corporation’s dividend payout ratio (DPR) is presently 58.54%.
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A number of research analysts have recently issued reports on MTSC shares. Zacks Investment Research upgraded shares of MTS Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 12th. Sidoti upgraded shares of MTS Systems Corporation from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, October 13th. Finally, J P Morgan Chase & Co set a $61.00 price objective on shares of MTS Systems Corporation and gave the company a “buy” rating in a report on Sunday, December 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MTS Systems Corporation currently has an average rating of “Buy” and an average price target of $58.75.
About MTS Systems Corporation
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s testing hardware, software and services solutions help customers improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures.
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