D. E. Shaw & Co. Inc. Acquires 144,390 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

D. E. Shaw & Co. Inc. boosted its stake in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 35.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 550,416 shares of the industrial products company's stock after buying an additional 144,390 shares during the period. D. E. Shaw & Co. Inc. owned 1.57% of Manitowoc worth $5,025,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC lifted its position in Manitowoc by 10.0% during the fourth quarter. LPL Financial LLC now owns 11,374 shares of the industrial products company's stock valued at $104,000 after buying an additional 1,030 shares during the period. Northern Trust Corp lifted its position in Manitowoc by 0.5% during the fourth quarter. Northern Trust Corp now owns 304,363 shares of the industrial products company's stock valued at $2,779,000 after buying an additional 1,552 shares during the period. Quantbot Technologies LP lifted its position in Manitowoc by 20.9% during the fourth quarter. Quantbot Technologies LP now owns 10,257 shares of the industrial products company's stock valued at $94,000 after buying an additional 1,771 shares during the period. SG Americas Securities LLC lifted its position in Manitowoc by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company's stock valued at $140,000 after buying an additional 1,944 shares during the period. Finally, Isthmus Partners LLC lifted its position in Manitowoc by 2.1% during the fourth quarter. Isthmus Partners LLC now owns 186,512 shares of the industrial products company's stock valued at $1,703,000 after buying an additional 3,898 shares during the period. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Manitowoc Stock Performance

MTW traded down $0.16 during mid-day trading on Tuesday, reaching $11.42. 239,383 shares of the company traded hands, compared to its average volume of 292,650. The stock has a market capitalization of $404.76 million, a P/E ratio of 7.37 and a beta of 1.92. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70. The company's fifty day moving average price is $8.80 and its 200-day moving average price is $9.51. The Manitowoc Company, Inc. has a 52-week low of $7.06 and a 52-week high of $13.46.

Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. The business had revenue of $470.90 million for the quarter, compared to analysts' expectations of $479.39 million. During the same period in the previous year, the company earned $0.14 EPS. Manitowoc's revenue for the quarter was down 4.9% compared to the same quarter last year. On average, sell-side analysts expect that The Manitowoc Company, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MTW shares. Robert W. Baird decreased their price objective on shares of Manitowoc from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. UBS Group boosted their price objective on shares of Manitowoc from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.86.

Insider Transactions at Manitowoc

In other Manitowoc news, CEO Aaron H. Ravenscroft purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $8.68 per share, with a total value of $26,040.00. Following the acquisition, the chief executive officer now owns 690,142 shares in the company, valued at approximately $5,990,432.56. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.52% of the stock is currently owned by company insiders.

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.