Manitex International Inc (MNTX) Stake Decreased by Boston Partners

Boston Partners lessened its holdings in shares of Manitex International Inc (NASDAQ:MNTX) by 35.1% during the first quarter, Holdings Channel reports. The institutional investor owned 171,464 shares of the industrial products company’s stock after selling 92,619 shares during the quarter. Boston Partners’ holdings in Manitex International were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. WealthTrust Axiom LLC raised its holdings in shares of Manitex International by 9.1% during the fourth quarter. WealthTrust Axiom LLC now owns 877,838 shares of the industrial products company’s stock valued at $4,986,000 after buying an additional 73,073 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Manitex International by 0.5% during the fourth quarter. BlackRock Inc. now owns 723,770 shares of the industrial products company’s stock valued at $4,111,000 after buying an additional 3,878 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Manitex International by 18.8% during the third quarter. Vanguard Group Inc now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after buying an additional 113,430 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Manitex International by 18.8% during the third quarter. Vanguard Group Inc. now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after buying an additional 113,430 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA raised its holdings in shares of Manitex International by 43.7% during the fourth quarter. Rutabaga Capital Management LLC MA now owns 713,161 shares of the industrial products company’s stock valued at $4,051,000 after buying an additional 217,018 shares during the last quarter. 52.58% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on MNTX. Zacks Investment Research raised Manitex International from a “hold” rating to a “strong-buy” rating and set a $8.25 price target on the stock in a report on Thursday. ValuEngine cut Manitex International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Manitex International in a report on Friday, March 15th.

Shares of NASDAQ:MNTX opened at $6.77 on Friday. Manitex International Inc has a 12 month low of $5.00 and a 12 month high of $13.26. The company has a market cap of $133.23 million, a P/E ratio of 20.52 and a beta of 1.50. The company has a current ratio of 1.72, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58.

Manitex International (NASDAQ:MNTX) last announced its earnings results on Monday, May 6th. The industrial products company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). Manitex International had a positive return on equity of 6.82% and a negative net margin of 4.44%. The firm had revenue of $57.42 million for the quarter, compared to the consensus estimate of $57.20 million. As a group, analysts anticipate that Manitex International Inc will post 0.52 earnings per share for the current fiscal year.

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Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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