Barclays PLC Reduces Stock Holdings in The Manitowoc Company, Inc. (NYSE:MTW)

Barclays PLC lowered its holdings in The Manitowoc Company, Inc. (NYSE:MTWFree Report) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,896 shares of the industrial products company’s stock after selling 5,771 shares during the quarter. Barclays PLC owned 0.23% of Manitowoc worth $769,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Manitowoc by 33.6% in the second quarter. American Century Companies Inc. now owns 262,603 shares of the industrial products company’s stock valued at $3,028,000 after acquiring an additional 66,013 shares during the period. Front Street Capital Management Inc. increased its holdings in shares of Manitowoc by 8.4% during the 2nd quarter. Front Street Capital Management Inc. now owns 2,806,642 shares of the industrial products company’s stock valued at $32,361,000 after purchasing an additional 217,389 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Manitowoc in the 3rd quarter valued at $51,000. State Street Corp boosted its holdings in Manitowoc by 8.1% during the third quarter. State Street Corp now owns 852,093 shares of the industrial products company’s stock worth $8,197,000 after buying an additional 64,101 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Manitowoc by 31.1% during the second quarter. AQR Capital Management LLC now owns 590,647 shares of the industrial products company’s stock valued at $6,810,000 after buying an additional 140,042 shares during the period. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Manitowoc Stock Up 4.1 %

NYSE MTW opened at $9.13 on Wednesday. The Manitowoc Company, Inc. has a one year low of $8.50 and a one year high of $17.65. 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 business has a fifty day moving average price of $9.94 and a 200 day moving average price of $10.20. The company has a market cap of $320.71 million, a P/E ratio of -33.81 and a beta of 1.83.

Manitowoc (NYSE:MTWGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). The business had revenue of $524.80 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. Research analysts anticipate that The Manitowoc Company, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTW. JPMorgan Chase & Co. raised their target price on Manitowoc from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Robert W. Baird cut their price objective on Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com raised Manitowoc from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Manitowoc currently has a consensus rating of “Hold” and a consensus target price of $12.47.

Get Our Latest Stock Analysis on Manitowoc

Manitowoc Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Manitowoc (NYSE:MTW)

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