Manitex International, Inc. (MNTX - Free Report) recently announced the appointment of Nebraska-based Crane Sales & Service as a Manitex-PM knuckleboom dealer for Nebraska, North Dakota, South Dakota & Iowa. It will expand the spread of the Midwest distribution for the knuckleboom cranes.
Crane Sales & Service handles a broad range of products and serves the knuckleboom truck market. Its combination with Manitex will provide customers with the industry’s best products, service, and support.
Manitex’s UpTime program is consistent with Crane Sales & Service’s view of selling uptime to customer by providing cranes backed with industry leading parts, service, and support. Crane Sales & Service offers the full line of Manitex-PM articulating and drywall cranes, and sales these high-quality cranes to customers.
Manitex is taking initiatives for future growth by implementing cost reductions and reducing debt levels. Moreover, the company is elevating its competitive position in the market and witnessing market share gains in core businesses.
Shares of Manitex have outperformed the Zacks categorized Machinery General Industrial industry over the past six months. Its shares have gained 26.5%, while the industry logged in a return of around 13.2% over the same period.
Manitex currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same space include Altra Industrial Motion Corp. (AIMC - Free Report) , Applied Industrial Technologies, Inc. (AIT - Free Report) and Graco Inc. (GGG - Free Report) . All three stocks boast a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Altra Industrial Motion has a positive average earnings surprise of 15.93% for the last four quarters. Applied Industrial Technologies delivered an average positive earnings surprise of 9.78% over the past four quarters. Graco generated an average positive earnings surprise of 13.88% over the trailing four quarters.
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