Blair William & Co. IL Acquires 39,278 Shares of Mayville Engineering Company, Inc. (NYSE:MEC)

Blair William & Co. IL boosted its stake in Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,740 shares of the company's stock after purchasing an additional 39,278 shares during the quarter. Blair William & Co. IL owned about 0.96% of Mayville Engineering worth $3,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MEC. American Century Companies Inc. grew its stake in shares of Mayville Engineering by 61.0% in the 4th quarter. American Century Companies Inc. now owns 219,713 shares of the company's stock valued at $3,454,000 after buying an additional 83,213 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Mayville Engineering by 91.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 122,055 shares of the company's stock worth $2,573,000 after acquiring an additional 58,242 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Mayville Engineering in the third quarter valued at approximately $766,000. Janney Montgomery Scott LLC bought a new stake in shares of Mayville Engineering during the fourth quarter valued at approximately $545,000. Finally, First Eagle Investment Management LLC raised its position in shares of Mayville Engineering by 10.8% during the fourth quarter. First Eagle Investment Management LLC now owns 332,375 shares of the company's stock worth $5,225,000 after purchasing an additional 32,500 shares during the period. 45.44% of the stock is owned by institutional investors.

Mayville Engineering Stock Down 2.1 %

Shares of MEC stock traded down $0.27 during trading hours on Friday, reaching $12.53. The company had a trading volume of 106,535 shares, compared to its average volume of 109,708. The business has a fifty day simple moving average of $14.75 and a 200-day simple moving average of $16.80. Mayville Engineering Company, Inc. has a 12 month low of $12.09 and a 12 month high of $23.02. The company has a market cap of $255.86 million, a price-to-earnings ratio of 21.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price objective on shares of Mayville Engineering from $22.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, March 6th.

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.