According to Zacks, “MANITEX INTERNATIONAL INC is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Through their subsidiaries, they manufacture and market a comprehensive line of boom trucks and sign cranes. Their boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. The Manitex Liftking subsidiary, which includes the Noble forklift product line, manufactures and sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. “
Other equities analysts have also issued research reports about the company. Roth Capital initiated coverage on Manitex International in a report on Friday, November 8th. They set a “buy” rating and a $7.00 price target on the stock. Dougherty & Co reaffirmed a “buy” rating on shares of Manitex International in a report on Wednesday, August 28th.
In other Manitex International news, CEO Steve Filipov acquired 5,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $5.76 per share, with a total value of $28,800.00. Following the acquisition, the chief executive officer now owns 55,000 shares of the company’s stock, valued at $316,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 30,000 shares of company stock worth $177,500 in the last ninety days. 6.07% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in Manitex International by 229.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,760 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 2,617 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Manitex International during the 2nd quarter valued at approximately $68,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Manitex International during the 2nd quarter valued at approximately $77,000. JPMorgan Chase & Co. lifted its position in shares of Manitex International by 38.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 65,168 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 18,086 shares during the period. Finally, Potrero Capital Research LLC acquired a new stake in shares of Manitex International during the 2nd quarter valued at approximately $389,000. 51.50% of the stock is currently owned by institutional investors.
About Manitex International
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.
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