Speece Thorson Capital Group Inc Lowers stake in MTS Systems Corporation (MTSC)

MTS Systems Corporation (MTSC) : Speece Thorson Capital Group Inc reduced its stake in MTS Systems Corporation by 94.79% during the most recent quarter end. The investment management company now holds a total of 5,019 shares of MTS Systems Corporation which is valued at $239,306 after selling 91,305 shares in MTS Systems Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.MTS Systems Corporation makes up approximately 0.05% of Speece Thorson Capital Group Inc’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in MTSC in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 17,100 shares of MTS Systems Corporation which is valued at $815,328.Msi Financial Services Inc reduced its stake in MTSC by selling 1,765 shares or 99.44% in the most recent quarter. The Hedge Fund company now holds 10 shares of MTSC which is valued at $477.Ls Investment Advisors boosted its stake in MTSC in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 588 shares of MTS Systems Corporation which is valued at $27,219.Capstone Asset Management Co boosted its stake in MTSC in the latest quarter, The investment management firm added 460 additional shares and now holds a total of 5,440 shares of MTS Systems Corporation which is valued at $248,771. MTS Systems Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Naples Global Advisors reduced its stake in MTSC by selling 1,150 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 16,627 shares of MTSC which is valued at $760,353. MTS Systems Corporation makes up approx 0.31% of Naples Global Advisors’s portfolio.

MTS Systems Corporation closed down -0.29 points or -0.61% at $47.43 with 3,04,626 shares getting traded on Friday. Post opening the session at $46.69, the shares hit an intraday low of $46.69 and an intraday high of $47.71 and the price fluctuated in this range throughout the day.Shares ended Friday 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. MTS Systems Corporation was Initiated by JP Morgan to “Overweight” on Jun 23, 2016. 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.

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