First National Bank of Omaha Decreases Stock Position in MTS Systems Co. (NASDAQ:MTSC)

First National Bank of Omaha reduced its position in MTS Systems Co. (NASDAQ:MTSC) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,780 shares of the scientific and technical instruments company’s stock after selling 327 shares during the period. First National Bank of Omaha’s holdings in MTS Systems were worth $3,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MTS Systems by 33.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,443 shares of the scientific and technical instruments company’s stock worth $80,000 after acquiring an additional 365 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in MTS Systems by 310.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,618 shares of the scientific and technical instruments company’s stock worth $89,000 after acquiring an additional 1,224 shares during the last quarter. Bank of Montreal Can raised its holdings in MTS Systems by 1,033.5% in the 2nd quarter. Bank of Montreal Can now owns 1,893 shares of the scientific and technical instruments company’s stock worth $111,000 after acquiring an additional 1,726 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in MTS Systems by 38.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,428 shares of the scientific and technical instruments company’s stock worth $201,000 after purchasing an additional 952 shares during the period. Finally, Advisor Group Inc. grew its position in MTS Systems by 7.8% in the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock worth $209,000 after purchasing an additional 259 shares during the period. Institutional investors own 99.04% of the company’s stock.

NASDAQ:MTSC traded up $0.22 during trading hours on Friday, reaching $59.89. The company had a trading volume of 1,959 shares, compared to its average volume of 66,751. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.88. MTS Systems Co. has a 52 week low of $38.42 and a 52 week high of $63.31. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 18.27 and a beta of 1.32. The firm’s 50 day moving average price is $55.48 and its 200-day moving average price is $56.39.

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

A number of research firms have commented on MTSC. BidaskClub raised shares of MTS Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. ValuEngine downgraded shares of MTS Systems from a “hold” rating to a “sell” rating in a research report on Monday. One 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 company. The company has a consensus rating of “Hold” and a consensus price target of $58.00.

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, 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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