Equities researchers at StockNews.com began coverage on shares of Manitex International (NASDAQ:MNTX – Get Free Report) in a report issued on Friday. The firm set a “hold” rating on the industrial products company’s stock.
MNTX has been the subject of several other research reports. Northland Securities reaffirmed a “market perform” rating and set a $5.80 price target (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 13th.
View Our Latest Analysis on MNTX
Manitex International Price Performance
Manitex International (NASDAQ:MNTX – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $76.24 million during the quarter, compared to the consensus estimate of $75.23 million. Manitex International had a net margin of 3.56% and a return on equity of 18.79%. As a group, equities analysts expect that Manitex International will post 0.33 EPS for the current year.
Institutional Investors Weigh In On Manitex International
Large investors have recently modified their holdings of the company. Cutter & CO Brokerage Inc. acquired a new stake in shares of Manitex International during the first quarter worth $128,000. Marshall Wace LLP acquired a new stake in shares of Manitex International during the second quarter worth $128,000. O Shaughnessy Asset Management LLC increased its position in shares of Manitex International by 20.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after buying an additional 5,853 shares during the period. Russell Investments Group Ltd. increased its position in shares of Manitex International by 2,049.4% during the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock worth $462,000 after buying an additional 64,187 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Manitex International by 13.1% during the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after buying an additional 16,433 shares during the period. 46.01% of the stock is currently owned by institutional investors and hedge funds.
Manitex International Company Profile
Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.
Further Reading
- Five stocks we like better than Manitex International
- How to Calculate Options Profits
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- Why Invest in High-Yield Dividend Stocks?
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for Manitex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International and related companies with MarketBeat.com's FREE daily email newsletter.