Boston Partners Makes New Investment in The Manitowoc Company, Inc. $MTW

Key Points

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Boston Partners bought a new stake in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,841 shares of the industrial products company's stock, valued at approximately $248,000. Boston Partners owned approximately 0.08% of Manitowoc at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MTW. Point72 Asia Singapore Pte. Ltd. bought a new position in Manitowoc during the fourth quarter valued at approximately $35,000. LPL Financial LLC grew 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 acquiring an additional 1,030 shares during the last quarter. GAMMA Investing LLC grew its position in Manitowoc by 3,309.6% during the first quarter. GAMMA Investing LLC now owns 12,138 shares of the industrial products company's stock valued at $104,000 after acquiring an additional 11,782 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in Manitowoc during the fourth quarter valued at approximately $115,000. Finally, Oxford Asset Management LLP bought a new position in Manitowoc during the fourth quarter valued at approximately $148,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTW has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Manitowoc from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird cut their target price on shares of Manitowoc from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Barclays raised their target price on shares of Manitowoc from $9.00 to $11.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of Manitowoc from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $11.00.

Manitowoc Trading Up 8.4%

NYSE:MTW traded up $0.7850 during trading hours on Friday, hitting $10.1250. The company had a trading volume of 538,181 shares, compared to its average volume of 353,150. The company has a market capitalization of $359.03 million, a PE ratio of 8.10 and a beta of 2.07. The stock has a 50-day moving average price of $11.83 and a 200 day moving average price of $10.39. The Manitowoc Company, Inc. has a 52 week low of $7.06 and a 52 week high of $13.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.07 and a quick ratio of 0.68.

Manitowoc (NYSE:MTW - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.12). Manitowoc had a net margin of 2.11% and a negative return on equity of 0.33%. The business had revenue of $539.50 million for the quarter, compared to the consensus estimate of $580.18 million. During the same quarter last year, the firm posted $0.25 EPS. The business's quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts predict that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal year.

Manitowoc Profile

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.