Invesco Ltd. Buys 2,294 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

Invesco Ltd. raised its stake in The Manitowoc Company, Inc. (NYSE:MTW) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,173,069 shares of the industrial products company’s stock after acquiring an additional 2,294 shares during the period. Invesco Ltd. owned approximately 3.34% of Manitowoc worth $10,710,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Manitowoc by 8.1% during the 3rd quarter. State Street Corp now owns 852,093 shares of the industrial products company’s stock worth $8,197,000 after acquiring an additional 64,101 shares in the last quarter. Jane Street Group LLC increased its position in Manitowoc by 103.0% in the third quarter. Jane Street Group LLC now owns 81,647 shares of the industrial products company’s stock worth $785,000 after purchasing an additional 41,427 shares during the last quarter. Geode Capital Management LLC raised its stake in Manitowoc by 0.3% during the third quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company’s stock valued at $7,643,000 after purchasing an additional 2,224 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Manitowoc by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 123,936 shares of the industrial products company’s stock valued at $1,192,000 after purchasing an additional 7,191 shares during the last quarter. Finally, Strong Tower Advisory Services increased its holdings in shares of Manitowoc by 94.4% in the 4th quarter. Strong Tower Advisory Services now owns 39,041 shares of the industrial products company’s stock worth $356,000 after buying an additional 18,957 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Manitowoc Price Performance

Manitowoc stock opened at $7.57 on Wednesday. The Manitowoc Company, Inc. has a 12-month low of $7.06 and a 12-month high of $13.46. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $9.20 and a 200-day moving average price of $9.55. The firm has a market capitalization of $268.30 million, a PE ratio of 4.88 and a beta of 1.79.

Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. As a group, equities research analysts forecast that The Manitowoc Company, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group lowered their price target on shares of Manitowoc from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Manitowoc presently has a consensus rating of “Hold” and an average price target of $10.66.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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 hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.