First Eagle Investment Management LLC raised its position in shares of The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 207.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 589,154 shares of the industrial products company's stock after purchasing an additional 397,837 shares during the quarter. First Eagle Investment Management LLC owned 1.68% of Manitowoc worth $5,379,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MTW. US Bancorp DE raised its stake in Manitowoc by 88.1% during the 3rd quarter. US Bancorp DE now owns 2,834 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 1,327 shares during the period. R Squared Ltd bought a new stake in Manitowoc in the fourth quarter worth $66,000. Quantbot Technologies LP boosted its holdings in Manitowoc by 94.7% in the third quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company's stock worth $82,000 after purchasing an additional 4,128 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Manitowoc by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company's stock worth $140,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Manitowoc in the third quarter worth $148,000. 78.66% of the stock is owned by institutional investors and hedge funds.
Manitowoc Stock Performance
MTW stock traded up $0.09 during mid-day trading on Wednesday, reaching $9.71. 30,813 shares of the stock traded hands, compared to its average volume of 273,178. 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 Manitowoc Company, Inc. has a 52 week low of $8.30 and a 52 week high of $14.32. The business has a 50-day moving average of $9.89 and a two-hundred day moving average of $9.79. The firm has a market capitalization of $341.15 million, a PE ratio of 6.26 and a beta of 1.84.
Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. As a group, equities analysts predict that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal year.
About Manitowoc
(
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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