StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX – Free Report) in a research report released on Saturday morning. The brokerage issued a hold rating on the industrial products company’s stock.
Several other brokerages have also recently weighed in on MNTX. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 13th. Northland Securities reissued a “market perform” rating and issued a $5.80 target price (down from $8.00) on shares of Manitex International in a report on Friday, September 13th.
Get Our Latest Stock Report on MNTX
Manitex International Price Performance
Manitex International (NASDAQ:MNTX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. The company had revenue of $76.24 million during the quarter, compared to analysts’ expectations of $75.23 million. On average, sell-side analysts forecast that Manitex International will post 0.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in MNTX. Cutter & CO Brokerage Inc. bought a new position in Manitex International in the first quarter valued at about $128,000. Marshall Wace LLP bought a new position in Manitex International during the second quarter worth about $128,000. O Shaughnessy Asset Management LLC grew its position in shares of Manitex International by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after buying an additional 5,853 shares during the period. Russell Investments Group Ltd. raised its position in shares of Manitex International by 2,049.4% in the 1st quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 64,187 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Manitex International by 13.1% during the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 16,433 shares during the period. Institutional investors and hedge funds own 46.01% of the company’s stock.
Manitex International Company Profile
Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.
Read More
- Five stocks we like better than Manitex International
- What Do S&P 500 Stocks Tell Investors About the Market?
- Inflation Risk Rising, Key Trades Investors Are Making Now
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- 3 Oil Stocks to Watch Before Earnings Come Out
- How to Invest in Biotech Stocks
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?
Receive News & Ratings for Manitex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International and related companies with MarketBeat.com's FREE daily email newsletter.