Manitowoc Foodservice Inc. (NYSE:MFS) SVP Maurice D. Jones sold 3,400 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $17.84, for a total transaction of $60,656.00. Following the completion of the transaction, the senior vice president now directly owns 159,594 shares of the company’s stock, valued at approximately $2,847,156.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Manitowoc Foodservice Inc. (NYSE:MFS) traded down 1.1595% during trading on Tuesday, reaching $17.6035. 194,580 shares of the company were exchanged. The firm has a market cap of $2.44 billion and a price-to-earnings ratio of 19.7128. The stock’s 50-day moving average is $16.58 and its 200-day moving average is $16.80. Manitowoc Foodservice Inc. has a 52-week low of $13.20 and a 52-week high of $18.94.

Manitowoc Foodservice (NYSE:MFS) last released its quarterly earnings results on Monday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm earned $384 million during the quarter, compared to the consensus estimate of $386.60 million. Manitowoc Foodservice had a net margin of 8.38% and a return on equity of 57.49%. The business’s revenue was down 9.6% compared to the same quarter last year. Equities research analysts predict that Manitowoc Foodservice Inc. will post $0.65 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Manitowoc Foodservice from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Seaport Global Securities assumed coverage on shares of Manitowoc Foodservice in a report on Wednesday, November 16th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Barclays PLC boosted their price target on shares of Manitowoc Foodservice from $13.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, August 15th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Manitowoc Foodservice currently has an average rating of “Hold” and an average price target of $17.75.

Several institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Manitowoc Foodservice by 25.7% in the third quarter. US Bancorp DE now owns 22,948 shares of the company’s stock valued at $372,000 after buying an additional 4,692 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Manitowoc Foodservice by 1.2% in the third quarter. UBS Asset Management Americas Inc. now owns 119,379 shares of the company’s stock valued at $1,936,000 after buying an additional 1,383 shares during the last quarter. Victory Capital Management Inc. increased its position in Manitowoc Foodservice by 158.4% in the third quarter. Victory Capital Management Inc. now owns 2,354,638 shares of the company’s stock valued at $38,193,000 after buying an additional 1,443,490 shares during the last quarter. TD Asset Management Inc. increased its position in Manitowoc Foodservice by 118.3% in the third quarter. TD Asset Management Inc. now owns 35,500 shares of the company’s stock valued at $576,000 after buying an additional 19,241 shares during the last quarter. Finally, Investment Partners Ltd. OH ADV acquired a new position in Manitowoc Foodservice during the third quarter valued at about $247,000. 82.78% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Foodservice Company Profile

Manitowoc Foodservice, Inc is a commercial foodservice equipment company. The Company designs, manufactures and services an integrated portfolio of hot and cold category products. The Company operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America.

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