Blair William & Co. IL Has $3.11 Million Stock Holdings in Mayville Engineering Company, Inc. (NYSE:MEC)

Blair William & Co. IL raised its stake in Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 197,740 shares of the company's stock after buying an additional 39,278 shares during the quarter. Blair William & Co. IL owned approximately 0.96% of Mayville Engineering worth $3,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its stake in Mayville Engineering by 58.7% during the 4th quarter. LPL Financial LLC now owns 34,046 shares of the company's stock valued at $535,000 after purchasing an additional 12,588 shares during the period. Sei Investments Co. grew its holdings in Mayville Engineering by 5.1% in the 4th quarter. Sei Investments Co. now owns 48,570 shares of the company's stock worth $764,000 after buying an additional 2,353 shares in the last quarter. American Century Companies Inc. increased its position in 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 acquiring an additional 83,213 shares during the period. Royce & Associates LP raised its stake in Mayville Engineering by 4.2% during the 4th quarter. Royce & Associates LP now owns 584,297 shares of the company's stock valued at $9,185,000 after acquiring an additional 23,749 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Mayville Engineering by 10.8% during the 4th quarter. First Eagle Investment Management LLC now owns 332,375 shares of the company's stock worth $5,225,000 after acquiring an additional 32,500 shares during the period. Institutional investors and hedge funds own 45.44% of the company's stock.

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Analyst Ratings Changes

Separately, Citigroup cut their price objective on shares of Mayville Engineering from $22.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th.

Mayville Engineering Price Performance

MEC stock traded down $0.29 during trading hours on Friday, hitting $12.51. 56,277 shares of the stock traded hands, compared to its average volume of 109,844. The stock has a 50-day simple moving average of $14.82 and a 200 day simple moving average of $16.86. The company has a market cap of $255.45 million, a P/E ratio of 21.24 and a beta of 0.89. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Mayville Engineering Company, Inc. has a one year low of $12.17 and a one year high of $23.02.

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.