Sagard Capital Partners Management Corp buys $8.4 Million stake in MTS Systems Corporation (MTSC)

MTS Systems Corporation (MTSC) : Sagard Capital Partners Management Corp scooped up 114,745 additional shares in MTS Systems Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 176,445 shares of MTS Systems Corporation which is valued at $8.4 Million.MTS Systems Corporation makes up approximately 3.22% of Sagard Capital Partners Management Corp’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in MTSC by selling 700 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 28,169 shares of MTSC which is valued at $1.3 Million.Gsa Capital Partners Llp boosted its stake in MTSC in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 5,236 shares of MTS Systems Corporation which is valued at $248,658. MTS Systems Corporation makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.Comerica Bank reduced its stake in MTSC by selling 18 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 16,850 shares of MTSC which is valued at $800,207. MTS Systems Corporation makes up approx 0.01% of Comerica Bank’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in MTSC in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 3,150 shares of MTS Systems Corporation which is valued at $177,723. MTS Systems Corporation makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

MTS Systems Corporation closed down -0.04 points or -0.08% at $48.06 with 45,439 shares getting traded on Wednesday. Post opening the session at $48.11, the shares hit an intraday low of $47.79 and an intraday high of $48.61 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, MTS Systems Corporation reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.71. The company had revenue of $137.10 million for the quarter, compared to analysts expectations of $144.28 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on MTS Systems Corporation. Shares were Reiterated by Wunderlich on May 11, 2016 to “Buy” and Lowered the Price Target to $ 68 from a previous price target of $80 .

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. Test also sells a range of accessories and spare parts as well as services including installation calibration maintenance training and consulting. MTS’ sensors segment provides controls for a range of industrial and vehicular applications. The segment’s customer industries include manufacturers of plastic injection molding machines steel mills fluid power oil and gas medical wood product processing equipment mobile equipment and energy.

Leave a Reply

MTS Systems Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on MTS Systems Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.