Dimensional Fund Advisors LP Has $11.08 Million Holdings in Mayville Engineering Company, Inc. (NYSE:MEC)

Dimensional Fund Advisors LP grew its holdings in Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 704,659 shares of the company's stock after purchasing an additional 85,086 shares during the period. Dimensional Fund Advisors LP owned about 3.41% of Mayville Engineering worth $11,077,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Royce & Associates LP increased its stake in Mayville Engineering by 4.2% in the 4th quarter. Royce & Associates LP now owns 584,297 shares of the company's stock valued at $9,185,000 after buying an additional 23,749 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Mayville Engineering by 10.8% in the fourth quarter. First Eagle Investment Management LLC now owns 332,375 shares of the company's stock valued at $5,225,000 after acquiring an additional 32,500 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Mayville Engineering by 47.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 252,396 shares of the company's stock worth $3,968,000 after acquiring an additional 80,905 shares in the last quarter. JB Capital Partners LP boosted its position in Mayville Engineering by 3.7% during the fourth quarter. JB Capital Partners LP now owns 250,512 shares of the company's stock valued at $3,938,000 after purchasing an additional 8,906 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Mayville Engineering by 61.0% in the fourth quarter. American Century Companies Inc. now owns 219,713 shares of the company's stock valued at $3,454,000 after purchasing an additional 83,213 shares in the last quarter. Institutional investors own 45.44% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price target on shares of Mayville Engineering from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

Mayville Engineering Stock Performance

Shares of NYSE MEC traded up $0.15 during midday trading on Thursday, hitting $15.39. 41,500 shares of the company's stock were exchanged, compared to its average volume of 112,675. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $314.87 million, a PE ratio of 26.07 and a beta of 1.15. Mayville Engineering Company, Inc. has a 12 month low of $11.72 and a 12 month high of $23.02. The company's 50 day moving average price is $13.36 and its 200 day moving average price is $15.31.

Mayville Engineering (NYSE:MEC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $135.58 million for the quarter, compared to the consensus estimate of $134.52 million. Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, analysts predict that Mayville Engineering Company, Inc. will post 0.31 earnings per share for the current fiscal year.

Mayville Engineering Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.