Mayville Engineering Company, Inc. (NYSE:MEC) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its holdings in shares of Mayville Engineering Company, Inc. (NYSE:MEC) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,740 shares of the company’s stock after buying an additional 39,278 shares during the quarter. Blair William & Co. IL’s holdings in Mayville Engineering were worth $3,108,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its holdings in Mayville Engineering by 58.7% in the 4th quarter. LPL Financial LLC now owns 34,046 shares of the company’s stock valued at $535,000 after acquiring an additional 12,588 shares during the last quarter. Sei Investments Co. grew its position in shares of Mayville Engineering by 5.1% in the fourth quarter. Sei Investments Co. now owns 48,570 shares of the company’s stock valued at $764,000 after purchasing an additional 2,353 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Mayville Engineering by 61.0% in the fourth quarter. American Century Companies Inc. now owns 219,713 shares of the company’s stock valued at $3,454,000 after purchasing an additional 83,213 shares during the last quarter. Royce & Associates LP lifted its position in Mayville Engineering by 4.2% during the fourth quarter. Royce & Associates LP now owns 584,297 shares of the company’s stock worth $9,185,000 after buying an additional 23,749 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Mayville Engineering by 10.8% during the fourth quarter. First Eagle Investment Management LLC now owns 332,375 shares of the company’s stock worth $5,225,000 after buying an additional 32,500 shares during the last quarter. 45.44% of the stock is currently owned by institutional investors and hedge funds.

Mayville Engineering Stock Performance

Mayville Engineering stock opened at $13.39 on Tuesday. The firm has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $16.95. The stock has a market cap of $273.32 million, a price-to-earnings ratio of 22.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91. Mayville Engineering Company, Inc. has a 1-year low of $12.75 and a 1-year high of $23.02.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price target on Mayville Engineering from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, March 6th.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.