Emerald Advisers Inc. PA lessened its stake in Manitowoc Company Inc (NYSE:MTW) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 468,977 shares of the industrial products company’s stock after selling 734,745 shares during the quarter. Emerald Advisers Inc. PA owned approximately 1.33% of Manitowoc worth $18,450,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Manitowoc by 343.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 133,340 shares of the industrial products company’s stock valued at $1,200,000 after buying an additional 103,289 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Manitowoc by 2.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 580,385 shares of the industrial products company’s stock valued at $5,224,000 after purchasing an additional 12,221 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Manitowoc by 46.4% during the 3rd quarter. Private Advisor Group LLC now owns 31,722 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 10,050 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Manitowoc by 17.1% during the 2nd quarter. Wells Fargo & Company MN now owns 151,840 shares of the industrial products company’s stock valued at $912,000 after purchasing an additional 22,133 shares during the last quarter. Finally, Van Den Berg Management I Inc. lifted its holdings in Manitowoc by 18.4% during the 3rd quarter. Van Den Berg Management I Inc. now owns 1,789,888 shares of the industrial products company’s stock valued at $16,109,000 after purchasing an additional 278,220 shares during the last quarter.
In other Manitowoc news, SVP Thomas G. Musial sold 4,476 shares of Manitowoc stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $33.84, for a total value of $151,467.84. Following the transaction, the senior vice president now owns 54,319 shares in the company, valued at $1,838,154.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles David Myers bought 3,854 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of $39.12 per share, for a total transaction of $150,768.48. The disclosure for this purchase can be found here. 2.82% of the stock is currently owned by company insiders.
Manitowoc Company Inc (NYSE MTW) traded up $0.66 during mid-day trading on Wednesday, reaching $34.61. The company’s stock had a trading volume of 459,172 shares, compared to its average volume of 728,850. The company has a quick ratio of 0.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The company has a market cap of $1,203.28, a PE ratio of 165.24 and a beta of 1.33. Manitowoc Company Inc has a 1 year low of $21.00 and a 1 year high of $44.03.
Manitowoc (NYSE:MTW) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.11). Manitowoc had a negative return on equity of 1.59% and a net margin of 0.59%. The firm had revenue of $481.50 million for the quarter, compared to the consensus estimate of $423.27 million. During the same quarter in the previous year, the business earned ($0.24) EPS. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. equities research analysts expect that Manitowoc Company Inc will post 0.54 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on MTW shares. SunTrust Banks reaffirmed a “hold” rating and set a $28.00 price target on shares of Manitowoc in a report on Friday, October 27th. JPMorgan Chase & Co. downgraded Manitowoc from a “neutral” rating to an “underweight” rating and cut their price target for the company from $30.00 to $29.00 in a report on Monday. Stifel Nicolaus raised their price target on Manitowoc from $36.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Jefferies Group reaffirmed a “buy” rating on shares of Manitowoc in a report on Friday, November 10th. Finally, Credit Suisse Group raised their price target on Manitowoc from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $39.92.
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The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.
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