Barclays PLC Has $769,000 Stock Position in The Manitowoc Company, Inc. (NYSE:MTW)

Barclays PLC decreased its stake in The Manitowoc Company, Inc. (NYSE:MTW) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,896 shares of the industrial products company’s stock after selling 5,771 shares during the period. Barclays PLC owned approximately 0.23% of Manitowoc worth $769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MTW. US Bancorp DE grew its stake in shares of Manitowoc by 88.1% in the third quarter. US Bancorp DE now owns 2,834 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 1,327 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Manitowoc in the third quarter worth $51,000. Point72 Asset Management L.P. grew its stake in shares of 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 worth $55,000 after acquiring an additional 1,828 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Manitowoc in the second quarter worth $66,000. Finally, Quantbot Technologies LP grew its stake in shares of Manitowoc by 94.7% in the third quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 4,128 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Analyst Upgrades and Downgrades

MTW has been the subject of several research reports. Robert W. Baird reduced their target price on Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com raised Manitowoc from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.47.

Manitowoc Stock Up 2.6 %

Shares of MTW stock opened at $9.18 on Thursday. The stock has a market cap of $322.47 million, a P/E ratio of -34.00 and a beta of 1.84. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $10.05. The Manitowoc Company, Inc. has a one year low of $8.30 and a one year high of $17.65. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.97 and a quick ratio of 0.60.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data 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). The company had revenue of $524.80 million for the quarter, compared to the consensus estimate of $516.49 million. Manitowoc had a negative net margin of 0.40% and a positive return on equity of 2.40%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. Analysts predict that The Manitowoc Company, Inc. will post 0.46 earnings per share for the current year.

About Manitowoc

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.