Campbell & CO Investment Adviser LLC Invests $174,000 in Manitowoc Company Inc (NYSE:MTW)

Campbell & CO Investment Adviser LLC bought a new stake in Manitowoc Company Inc (NYSE:MTW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,577 shares of the industrial products company’s stock, valued at approximately $174,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Manitowoc by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,965,402 shares of the industrial products company’s stock valued at $48,662,000 after acquiring an additional 73,939 shares in the last quarter. BlackRock Inc. raised its position in shares of Manitowoc by 0.7% during the 1st quarter. BlackRock Inc. now owns 2,461,023 shares of the industrial products company’s stock valued at $40,385,000 after acquiring an additional 17,572 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Manitowoc by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,698,612 shares of the industrial products company’s stock valued at $25,089,000 after acquiring an additional 31,438 shares in the last quarter. Rutabaga Capital Management LLC MA raised its position in shares of Manitowoc by 4.0% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 760,332 shares of the industrial products company’s stock valued at $12,477,000 after acquiring an additional 29,300 shares in the last quarter. Finally, Front Street Capital Management Inc. raised its position in shares of Manitowoc by 71.0% during the 1st quarter. Front Street Capital Management Inc. now owns 654,225 shares of the industrial products company’s stock valued at $10,736,000 after acquiring an additional 271,600 shares in the last quarter. 78.08% of the stock is currently owned by institutional investors.

In other news, EVP Aaron H. Ravenscroft sold 3,191 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $16.48, for a total value of $52,587.68. Following the completion of the transaction, the executive vice president now owns 20,697 shares of the company’s stock, valued at $341,086.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Barry Pennypacker sold 12,388 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $16.46, for a total value of $203,906.48. Following the completion of the transaction, the chief executive officer now directly owns 136,862 shares of the company’s stock, valued at approximately $2,252,748.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,593 shares of company stock valued at $340,450. 1.60% of the stock is owned by company insiders.



Separately, ValuEngine raised Manitowoc from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.63.

Shares of MTW opened at $15.37 on Wednesday. The firm has a market cap of $557.97 million, a P/E ratio of 24.02 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 1.76 and a debt-to-equity ratio of 0.66. Manitowoc Company Inc has a 12 month low of $13.22 and a 12 month high of $28.11.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Thursday, May 9th. The industrial products company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.10. The firm had revenue of $418.00 million during the quarter, compared to the consensus estimate of $399.28 million. Manitowoc had a positive return on equity of 4.78% and a negative net margin of 4.46%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. On average, equities analysts forecast that Manitowoc Company Inc will post 1.39 earnings per share for the current fiscal year.

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Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. 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 telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.

Further Reading: Why Net Income is Important to Investors

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Institutional Ownership by Quarter for Manitowoc (NYSE:MTW)

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