Columbus McKinnon Corporation (CMCO) VP Sells $10,468.71 in Stock
Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 261 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $40.11, for a total transaction of $10,468.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Columbus McKinnon Corporation (NASDAQ CMCO) traded up $0.14 during mid-day trading on Monday, hitting $39.73. 77,810 shares of the company were exchanged, compared to its average volume of 125,555. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.18 and a current ratio of 1.96. Columbus McKinnon Corporation has a 1-year low of $22.88 and a 1-year high of $41.49. The firm has a market cap of $924.77, a PE ratio of 23.57 and a beta of 1.90.
Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The business had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. During the same quarter last year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. analysts expect that Columbus McKinnon Corporation will post 1.95 earnings per share for the current fiscal year.
CMCO has been the topic of a number of recent research reports. Roth Capital raised their price target on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $37.00.
Several hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its holdings in shares of Columbus McKinnon by 2.8% in the 3rd quarter. Susquehanna International Group LLP now owns 47,111 shares of the industrial products company’s stock worth $1,784,000 after acquiring an additional 1,280 shares during the period. Algert Global LLC acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth about $1,054,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth about $202,000. Allianz Asset Management GmbH acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth about $723,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Columbus McKinnon by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,445,148 shares of the industrial products company’s stock worth $54,728,000 after acquiring an additional 71,980 shares during the period. 85.17% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Columbus McKinnon Corporation (CMCO) VP Sells $10,468.71 in Stock” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/12/04/columbus-mckinnon-corporation-cmco-vp-sells-10468-71-in-stock.html.
Columbus McKinnon Company Profile
Receive News & Stock Ratings for Columbus McKinnon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon Corporation and related stocks with our FREE daily email newsletter.