Wells Fargo & Company MN Has $3.05 Million Stake in Manitex International Inc (NASDAQ:MNTX)

Wells Fargo & Company MN lessened its position in Manitex International Inc (NASDAQ:MNTX) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,495 shares of the industrial products company’s stock after selling 17,345 shares during the period. Wells Fargo & Company MN owned about 2.05% of Manitex International worth $3,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cortina Asset Management LLC boosted its holdings in shares of Manitex International by 16.4% during the 3rd quarter. Cortina Asset Management LLC now owns 764,091 shares of the industrial products company’s stock worth $6,862,000 after buying an additional 107,707 shares during the period. Vanguard Group Inc. boosted its holdings in Manitex International by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 520,258 shares of the industrial products company’s stock valued at $3,632,000 after purchasing an additional 9,279 shares during the period. Kennedy Capital Management Inc. boosted its holdings in Manitex International by 38.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 425,209 shares of the industrial products company’s stock valued at $2,968,000 after purchasing an additional 117,447 shares during the period. Auxier Asset Management boosted its holdings in Manitex International by 4.9% in the 2nd quarter. Auxier Asset Management now owns 201,881 shares of the industrial products company’s stock valued at $1,409,000 after purchasing an additional 9,500 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Manitex International by 16.3% in the 2nd quarter. Victory Capital Management Inc. now owns 122,120 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 17,080 shares during the period. 60.68% of the stock is owned by institutional investors.

Shares of Manitex International Inc (NASDAQ MNTX) traded down $0.37 during midday trading on Friday, reaching $10.06. 113,687 shares of the company’s stock traded hands, compared to its average volume of 58,179. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38. Manitex International Inc has a 1 year low of $6.21 and a 1 year high of $11.23. The firm has a market cap of $172.69, a PE ratio of -4.02 and a beta of 1.75.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 target price for the company in a research report on Wednesday, December 20th. Roth Capital cut shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Tuesday, November 7th.

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Manitex International Company Profile

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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