The Manitowoc Company, Inc. (NYSE:MTW) Shares Bought by US Bancorp DE

US Bancorp DE lifted its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 88.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,834 shares of the industrial products company’s stock after purchasing an additional 1,327 shares during the quarter. US Bancorp DE’s holdings in Manitowoc were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC boosted its position in shares of Manitowoc by 97.0% during the 2nd quarter. CWM LLC now owns 3,010 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 1,482 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Manitowoc by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,810 shares of the industrial products company’s stock worth $563,000 after buying an additional 1,516 shares during the period. Point72 Asset Management L.P. increased its holdings in Manitowoc by 63.0% in the second quarter. Point72 Asset Management L.P. now owns 4,728 shares of the industrial products company’s stock valued at $55,000 after buying an additional 1,828 shares in the last quarter. Goldstein Advisors LLC lifted its position in shares of Manitowoc by 14.0% during the 2nd quarter. Goldstein Advisors LLC now owns 16,300 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 2,000 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Manitowoc in the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MTW shares. The Goldman Sachs Group decreased their target price on Manitowoc from $13.00 to $11.30 and set a “sell” rating on the stock in a research report on Friday, August 9th. Robert W. Baird reduced their price target on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. StockNews.com upgraded Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Barclays reduced their price objective on Manitowoc from $12.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, Manitowoc presently has a consensus rating of “Hold” and a consensus target price of $12.47.

Manitowoc Trading Down 0.4 %

Shares of MTW opened at $10.48 on Tuesday. The Manitowoc Company, Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $17.65. The stock has a fifty day moving average of $9.81 and a two-hundred day moving average of $10.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 1.97. The company has a market capitalization of $367.99 million, a PE ratio of -38.79 and a beta of 1.84.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Manitowoc had a positive return on equity of 2.40% and a negative net margin of 0.40%. The business had revenue of $524.80 million during the quarter, compared to analyst estimates of $516.49 million. During the same period in the previous year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts forecast that The Manitowoc Company, Inc. will post 0.46 EPS for the current year.

Manitowoc Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.