Private Advisor Group LLC raised its stake in shares of Manitowoc Company Inc (NYSE:MTW) by 46.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,722 shares of the industrial products company’s stock after acquiring an additional 10,050 shares during the quarter. Private Advisor Group LLC’s holdings in Manitowoc were worth $289,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MTW. Southpoint Capital Advisors LP lifted its holdings in shares of Manitowoc by 29.2% during the second quarter. Southpoint Capital Advisors LP now owns 7,750,000 shares of the industrial products company’s stock valued at $46,578,000 after acquiring an additional 1,750,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Manitowoc by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,647,423 shares of the industrial products company’s stock valued at $51,970,000 after acquiring an additional 1,499,384 shares during the period. JHL Capital Group LLC lifted its holdings in shares of Manitowoc by 100.0% during the second quarter. JHL Capital Group LLC now owns 1,500,000 shares of the industrial products company’s stock valued at $9,015,000 after acquiring an additional 750,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Manitowoc by 4.6% during the second quarter. Vanguard Group Inc. now owns 10,621,323 shares of the industrial products company’s stock valued at $63,834,000 after acquiring an additional 471,356 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Manitowoc by 14.2% during the second quarter. Franklin Resources Inc. now owns 3,549,300 shares of the industrial products company’s stock valued at $21,331,000 after acquiring an additional 440,000 shares during the period.

Shares of Manitowoc Company Inc (MTW) traded up $0.29 during mid-day trading on Thursday, reaching $39.59. The company had a trading volume of 454,600 shares, compared to its average volume of 421,219. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.67. Manitowoc Company Inc has a 1 year low of $21.00 and a 1 year high of $42.12.

Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.44. The firm had revenue of $399.40 million during the quarter, compared to analyst estimates of $385.01 million. Manitowoc had a negative return on equity of 6.17% and a negative net margin of 4.01%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned ($1.12) earnings per share. equities analysts anticipate that Manitowoc Company Inc will post -0.19 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Manitowoc from $36.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Barclays began coverage on Manitowoc in a research note on Tuesday. They issued an “overweight” rating and a $45.00 target price for the company. Robert W. Baird restated a “buy” rating and issued a $47.00 target price on shares of Manitowoc in a research note on Friday, November 24th. Jefferies Group restated a “buy” rating and issued a $42.00 target price on shares of Manitowoc in a research note on Friday, October 6th. Finally, Royal Bank of Canada upgraded Manitowoc from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $48.00 in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.89.

In other news, Director Charles David Myers acquired 3,854 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $39.12 per share, for a total transaction of $150,768.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.82% of the stock is owned by company insiders.

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Manitowoc Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

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Institutional Ownership by Quarter for Manitowoc (NYSE:MTW)

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