The Manitowoc Company, Inc. (NYSE:MTW) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 61.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 608,730 shares of the industrial products company's stock after purchasing an additional 232,744 shares during the quarter. Kennedy Capital Management LLC owned 1.73% of Manitowoc worth $5,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its stake in shares of Manitowoc by 207.9% in the fourth quarter. First Eagle Investment Management LLC now owns 589,154 shares of the industrial products company's stock worth $5,379,000 after buying an additional 397,837 shares during the period. Hodges Capital Management Inc. lifted its position in Manitowoc by 93.9% during the 4th quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company's stock valued at $4,242,000 after acquiring an additional 225,090 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Manitowoc by 84.5% in the 4th quarter. JPMorgan Chase & Co. now owns 228,645 shares of the industrial products company's stock worth $2,088,000 after purchasing an additional 104,709 shares in the last quarter. State Street Corp increased its holdings in shares of Manitowoc by 8.1% during the third quarter. State Street Corp now owns 852,093 shares of the industrial products company's stock valued at $8,197,000 after acquiring an additional 64,101 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in Manitowoc during the 4th quarter valued at about $497,000. Institutional investors own 78.66% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group reduced their price objective on Manitowoc from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Manitowoc currently has a consensus rating of "Hold" and an average price target of $10.66.

Manitowoc Price Performance

Shares of NYSE:MTW traded up $0.14 during midday trading on Thursday, reaching $7.62. 86,075 shares of the company's stock traded hands, compared to its average volume of 283,761. The company has a market cap of $270.07 million, a P/E ratio of 4.92 and a beta of 1.79. The Manitowoc Company, Inc. has a 1 year low of $7.06 and a 1 year high of $13.46. The company has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $9.61. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 1.97.

Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. Equities analysts predict that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal year.

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.