Canada Pension Plan Investment Board cut its position in shares of Manitowoc Company, Inc. (The) (NYSE:MTW) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,700 shares of the industrial products company’s stock after selling 28,100 shares during the period. Canada Pension Plan Investment Board owned approximately 0.12% of Manitowoc Company, Inc. (The) worth $1,014,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MTW. Dimensional Fund Advisors LP raised its stake in Manitowoc Company, Inc. (The) by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock worth $40,744,000 after buying an additional 1,771,886 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in Manitowoc Company, Inc. (The) by 1,649.5% in the first quarter. Emerald Advisers Inc. PA now owns 1,646,016 shares of the industrial products company’s stock worth $9,382,000 after buying an additional 1,551,930 shares during the last quarter. Southpoint Capital Advisors LP raised its stake in Manitowoc Company, Inc. (The) by 33.3% in the first quarter. Southpoint Capital Advisors LP now owns 6,000,000 shares of the industrial products company’s stock worth $34,200,000 after buying an additional 1,500,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Manitowoc Company, Inc. (The) during the first quarter worth about $6,498,000. Finally, JHL Capital Group LLC raised its stake in Manitowoc Company, Inc. (The) by 782.4% in the first quarter. JHL Capital Group LLC now owns 750,000 shares of the industrial products company’s stock worth $4,275,000 after buying an additional 665,000 shares during the last quarter. 80.98% of the stock is currently owned by hedge funds and other institutional investors.

Manitowoc Company, Inc. (NYSE MTW) opened at 7.92 on Wednesday. The company’s market cap is $1.11 billion. The stock’s 50 day moving average is $6.72 and its 200 day moving average is $6.14. Manitowoc Company, Inc. has a 12 month low of $3.65 and a 12 month high of $8.40.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $396.44 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The company’s revenue was down 13.8% on a year-over-year basis. Equities analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current year.

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A number of research analysts have weighed in on the company. Jefferies Group LLC increased their price target on Manitowoc Company, Inc. (The) from $7.25 to $8.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank AG increased their price target on Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the stock a “hold” rating in a research note on Friday, May 12th. BidaskClub lowered Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine raised Manitowoc Company, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.19.

About Manitowoc Company, Inc. (The)

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.

Institutional Ownership by Quarter for Manitowoc Company, Inc. (The) (NYSE:MTW)

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