Mayville Engineering Company, Inc. (NYSE:MEC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Mayville Engineering Company, Inc. (NYSE:MEC) by 94.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,122 shares of the company’s stock after buying an additional 5,897 shares during the quarter. Deutsche Bank AG owned 0.06% of Mayville Engineering worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Mayville Engineering by 1.8% during the fourth quarter. Barclays PLC now owns 38,143 shares of the company’s stock worth $600,000 after buying an additional 657 shares during the period. O Shaughnessy Asset Management LLC grew its position in Mayville Engineering by 2.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,363 shares of the company’s stock worth $650,000 after buying an additional 943 shares during the period. Principal Financial Group Inc. grew its position in Mayville Engineering by 10.8% during the fourth quarter. Principal Financial Group Inc. now owns 14,529 shares of the company’s stock worth $228,000 after buying an additional 1,417 shares during the period. Sei Investments Co. grew its position in shares of Mayville Engineering by 5.1% in the fourth quarter. Sei Investments Co. now owns 48,570 shares of the company’s stock valued at $764,000 after purchasing an additional 2,353 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Mayville Engineering in the fourth quarter valued at approximately $38,000. 45.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup lowered their price target on shares of Mayville Engineering from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.

Mayville Engineering Stock Down 1.2%

MEC stock opened at $15.57 on Tuesday. The company’s 50 day simple moving average is $13.71 and its 200-day simple moving average is $14.96. The firm has a market capitalization of $318.58 million, a PE ratio of 26.39 and a beta of 1.15. Mayville Engineering Company, Inc. has a 12 month low of $11.72 and a 12 month high of $23.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91.

Mayville Engineering (NYSE:MEC) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $135.58 million for the quarter, compared to analyst estimates of $134.52 million. Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. During the same period in the prior year, the business earned $0.22 earnings per share. Equities analysts expect that Mayville Engineering Company, Inc. will post 0.31 earnings per share for the current fiscal year.

Mayville Engineering 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.