The Manitowoc Company, Inc. (NYSE:MTW) Position Reduced by State of Wisconsin Investment Board

State of Wisconsin Investment Board cut its position in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 275,800 shares of the industrial products company’s stock after selling 34,300 shares during the quarter. State of Wisconsin Investment Board’s holdings in The Manitowoc were worth $3,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of The Manitowoc in the 4th quarter valued at about $214,000. O Shaughnessy Asset Management LLC increased its holdings in shares of The Manitowoc by 52,980.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,308 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 5,298 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of The Manitowoc by 247.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,807 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 5,561 shares during the period. JS Capital Management LLC acquired a new position in shares of The Manitowoc in the 3rd quarter valued at about $115,000. Finally, Bailard Inc. acquired a new position in shares of The Manitowoc in the 4th quarter valued at about $217,000. Institutional investors own 70.93% of the company’s stock.

Shares of MTW stock opened at $15.99 on Tuesday. The Manitowoc Company, Inc. has a 12 month low of $7.24 and a 12 month high of $16.36. The company has a quick ratio of 0.76, a current ratio of 1.96 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $14.39 and its two-hundred day moving average is $11.26. The company has a market cap of $552.95 million, a PE ratio of -47.03, a price-to-earnings-growth ratio of 3.36 and a beta of 2.26.

The Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Monday, February 8th. The industrial products company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.09 by $0.10. The Manitowoc had a negative return on equity of 1.02% and a negative net margin of 0.79%. During the same quarter in the prior year, the firm earned $0.35 EPS. As a group, equities analysts expect that The Manitowoc Company, Inc. will post -0.44 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on MTW shares. Robert W. Baird upped their target price on The Manitowoc from $11.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, February 10th. Zacks Investment Research downgraded The Manitowoc from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Friday, February 12th. TheStreet upgraded The Manitowoc from a “d+” rating to a “c-” rating in a report on Tuesday, February 9th. Finally, Barclays increased their price objective on The Manitowoc from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

About The Manitowoc

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, Shuttlelift, and National Crane brands; and a hydraulically powered telescopic boom trucks under the National Crane brand.

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Institutional Ownership by Quarter for The Manitowoc (NYSE:MTW)

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