Columbus McKinnon Corp. (NASDAQ:CMCO) VP Alan S. Korman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $74,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Columbus McKinnon Corp. (CMCO) traded up $0.32 during midday trading on Friday, reaching $37.27. 162,122 shares of the company’s stock traded hands, compared to its average volume of 182,004. The stock has a market capitalization of $840.98, a P/E ratio of 100.22 and a beta of 1.85. Columbus McKinnon Corp. has a 1-year low of $23.13 and a 1-year high of $44.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.81.
Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.13. The business had revenue of $208.73 million for the quarter, compared to the consensus estimate of $201.08 million. Columbus McKinnon had a net margin of 1.10% and a return on equity of 11.87%. The company’s revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. equities research analysts expect that Columbus McKinnon Corp. will post 2 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Howe & Rusling Inc. bought a new stake in shares of Columbus McKinnon during the fourth quarter valued at about $114,000. SG Americas Securities LLC bought a new stake in shares of Columbus McKinnon during the third quarter valued at about $141,000. Globeflex Capital L P bought a new stake in shares of Columbus McKinnon during the fourth quarter valued at about $149,000. Cubist Systematic Strategies LLC bought a new stake in shares of Columbus McKinnon during the third quarter valued at about $202,000. Finally, Trexquant Investment LP bought a new stake in shares of Columbus McKinnon during the third quarter valued at about $212,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
Several research firms have commented on CMCO. Seaport Global Securities reaffirmed a “buy” rating and set a $50.00 price objective on shares of Columbus McKinnon in a report on Wednesday, January 10th. Roth Capital upped their price objective on shares of Columbus McKinnon from $41.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 15th. BidaskClub downgraded shares of Columbus McKinnon from a “hold” rating to a “sell” rating in a report on Friday, January 19th. ValuEngine raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.33.
Columbus McKinnon Company Profile
Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.
Receive News & Ratings for Columbus McKinnon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon and related companies with MarketBeat.com's FREE daily email newsletter.