Expect Equity LLC Buys New Position in Mayville Engineering Company, Inc. (NYSE:MEC)

Expect Equity LLC purchased a new position in Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 74,744 shares of the company's stock, valued at approximately $1,175,000. Expect Equity LLC owned about 0.36% of Mayville Engineering as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Mayville Engineering by 1.8% in the 4th quarter. Barclays PLC now owns 38,143 shares of the company's stock worth $600,000 after purchasing an additional 657 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Mayville Engineering by 2.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,363 shares of the company's stock worth $650,000 after purchasing an additional 943 shares during the period. Sheets Smith Wealth Management lifted its position in shares of Mayville Engineering by 3.2% in the 4th quarter. Sheets Smith Wealth Management now owns 36,525 shares of the company's stock worth $574,000 after purchasing an additional 1,130 shares during the period. Principal Financial Group Inc. lifted its position in shares of Mayville Engineering by 10.8% in the 4th quarter. Principal Financial Group Inc. now owns 14,529 shares of the company's stock worth $228,000 after purchasing an additional 1,417 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Mayville Engineering by 8.3% in the 4th quarter. Ritholtz Wealth Management now owns 25,305 shares of the company's stock worth $398,000 after purchasing an additional 1,945 shares during the period. Institutional investors own 45.44% of the company's stock.

Wall Street Analyst Weigh In

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

Mayville Engineering Stock Up 3.2%

NYSE MEC traded up $0.46 during trading hours on Friday, reaching $14.82. 168,904 shares of the company's stock traded hands, compared to its average volume of 112,688. Mayville Engineering Company, Inc. has a 52-week low of $11.72 and a 52-week high of $23.02. The firm has a market cap of $302.62 million, a PE ratio of 25.12 and a beta of 1.15. The firm has a 50-day simple moving average of $13.29 and a 200 day simple moving average of $15.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91.

Mayville Engineering (NYSE:MEC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The business had revenue of $135.58 million during the quarter, compared to analyst estimates 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 last year, the business earned $0.22 EPS. Sell-side analysts anticipate that Mayville Engineering Company, Inc. will post 0.31 EPS for the current fiscal year.

Mayville Engineering Company 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.