December 1, 2016 - By Peter Erickson · 0 Comments
Manitowoc Co Inc (NYSE:MTW) institutional sentiment decreased to 0.83 in 2016 Q2. Its down -0.15, from 0.98 in 2016Q1. The ratio fall, as 93 funds increased or opened new positions, while 95 sold and decreased holdings in Manitowoc Co Inc. The funds in our partner’s database now have: 103.94 million shares, down from 109.08 million shares in 2016Q1. Also, the number of funds holding Manitowoc Co Inc in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 38 Reduced: 57 Increased: 58 New Position: 35.
The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer. The company has a market cap of $874.01 million. The Firm operates in two principal markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). It currently has negative earnings. Crane is a well-known provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks.
The stock decreased 0.25% or $0.01 on November 30, hitting $5.96. Manitowoc Company Inc (NYSE:MTW) has risen 4.20% since April 28, 2016 and is uptrending. It has underperformed by 1.73% the S&P500.
Analysts await Manitowoc Company Inc (NYSE:MTW) to report earnings on January, 26. They expect $-0.15 EPS, down 134.88% or $0.58 from last year’s $0.43 per share. After $-0.28 actual EPS reported by Manitowoc Company Inc for the previous quarter, Wall Street now forecasts -46.43% EPS growth.
According to Zacks Investment Research, “Manitowoc Company, Inc. is a diversified, capital goods manufacturer. They are principally engaged in: a) the design and manufacture of commercial ice machines, ice/beverage dispensers and refrigeration products for the foodservice, lodging, convenience store, healthcare and the soft-drink bottling and dispensing industries; (b) the design and manufacture of cranes and related products which are used by the energy, construction, mining and other industries; and (c) ship-repair, conversion, and new construction services for the maritime industry.”
Firefly Value Partners Lp holds 5.97% of its portfolio in Manitowoc Company Inc for 7.11 million shares. Freshford Capital Management Llc owns 2.83 million shares or 4.61% of their US portfolio. Moreover, Rutabaga Capital Management Llc Ma has 3.21% invested in the company for 3.16 million shares. The New York-based 13D Management Llc has invested 1.54% in the stock. Proxima Capital Management Llc, a New York-based fund reported 485,000 shares.#img1#
Ratings analysis reveals 19% of Manitowoc Company’s analysts are positive. Out of 16 Wall Street analysts rating Manitowoc Company, 3 give it “Buy”, 0 “Sell” rating, while 13 recommend “Hold”. The lowest target is $3.25 while the high is $23. The stock’s average target of $10.18 is 70.81% above today’s ($5.96) share price. MTW was included in 33 notes of analysts from July 27, 2015. Suntrust Robinson initiated the shares of MTW in a report on Tuesday, November 3 with “Neutral” rating. The firm has “Neutral” rating by SunTrust given on Tuesday, November 3. Morgan Stanley downgraded Manitowoc Company Inc (NYSE:MTW) on Wednesday, October 21 to “Equal-Weight” rating. The firm has “Neutral” rating by Citigroup given on Thursday, March 31. The firm has “Neutral” rating by Citigroup given on Monday, October 5. On Friday, May 6 the stock rating was upgraded by Seaport Global to “Buy”. The stock of Manitowoc Company Inc (NYSE:MTW) has “Neutral” rating given on Wednesday, March 9 by Goldman Sachs. On Wednesday, October 12 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock has “Hold” rating given by Deutsche Bank on Wednesday, October 12. Citigroup maintained the stock with “Neutral” rating in Wednesday, August 10 report.
The Manitowoc Company, Inc. (MTW), incorporated on July 15, 1920, is a multi-industry, capital goods manufacturer. The Firm operates in two principal markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a well-known provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a maker of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. The Company’s Crane products are principally marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. The Company’s Foodservice products, services and solutions are marketed under brands, including Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Kolpak, Koolaire, Lincoln, Manitowoc Beverage Systems, Manitowoc Ice, Merco, Merrychef, Moorwood Vulcan, Multiplex, RDI Systems, Servend, TRUpour, U.S. Range and Welbilt, and are supported by Manitowoc KitchenCare.
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By Peter Erickson