38,385 Shares in The Manitowoc Company, Inc. $MTW Purchased by Trexquant Investment LP

Trexquant Investment LP purchased a new position in The Manitowoc Company, Inc. (NYSE:MTW) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 38,385 shares of the industrial products company’s stock, valued at approximately $330,000. Trexquant Investment LP owned 0.11% of Manitowoc at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Manitowoc by 0.8% in the 1st quarter. Invesco Ltd. now owns 1,182,668 shares of the industrial products company’s stock worth $10,159,000 after purchasing an additional 9,599 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Manitowoc by 35.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 550,416 shares of the industrial products company’s stock valued at $5,025,000 after acquiring an additional 144,390 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Manitowoc by 3.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 471,915 shares of the industrial products company’s stock valued at $4,309,000 after acquiring an additional 17,747 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Manitowoc by 16.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 465,863 shares of the industrial products company’s stock valued at $4,002,000 after acquiring an additional 64,983 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Manitowoc by 0.5% during the fourth quarter. Northern Trust Corp now owns 304,363 shares of the industrial products company’s stock valued at $2,779,000 after acquiring an additional 1,552 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MTW shares. Robert W. Baird reduced their target price on Manitowoc from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Wall Street Zen raised Manitowoc from a “sell” rating to a “hold” rating in a report on Tuesday. UBS Group increased their target price on Manitowoc from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Barclays increased their target price on Manitowoc from $9.00 to $11.00 and gave the company an “underweight” rating in a report on Monday, July 21st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $11.00.

Manitowoc Trading Down 2.0%

Shares of Manitowoc stock opened at $9.99 on Wednesday. The firm has a market capitalization of $354.07 million, a price-to-earnings ratio of 7.99 and a beta of 2.17. The Manitowoc Company, Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $13.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 2.07. The stock has a 50 day moving average of $11.43 and a 200 day moving average of $10.34.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.12). The business had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $580.18 million. Manitowoc had a negative return on equity of 0.33% and a net margin of 2.11%.The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. As a group, research analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current year.

Manitowoc 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.