Columbus McKinnon (NASDAQ:CMCO) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

CMCO has been the subject of a number of other research reports. Zacks Investment Research raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine upgraded shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Seaport Global Securities assumed coverage on shares of Columbus McKinnon in a research report on Wednesday, January 23rd. They set a “buy” rating and a $42.00 price target on the stock. Finally, Roth Capital set a $44.00 price target on shares of Columbus McKinnon and gave the stock a “buy” rating in a research report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Columbus McKinnon currently has an average rating of “Hold” and an average price target of $44.50.

CMCO stock opened at $35.33 on Tuesday. The stock has a market cap of $825.13 million, a PE ratio of 17.58 and a beta of 1.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.78 and a quick ratio of 1.01. Columbus McKinnon has a 52 week low of $27.66 and a 52 week high of $45.85.

In related news, VP Alan S. Korman sold 5,168 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $37.90, for a total transaction of $195,867.20. Following the transaction, the vice president now directly owns 15,711 shares in the company, valued at $595,446.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.27% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CMCO. Quantamental Technologies LLC acquired a new position in Columbus McKinnon during the first quarter worth about $56,000. Acadian Asset Management LLC boosted its holdings in Columbus McKinnon by 219.6% in the 4th quarter. Acadian Asset Management LLC now owns 1,889 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 1,298 shares during the last quarter. Legal & General Group Plc boosted its holdings in Columbus McKinnon by 14.5% in the 4th quarter. Legal & General Group Plc now owns 4,279 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 541 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Columbus McKinnon in the 1st quarter valued at about $156,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Columbus McKinnon by 1,596.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,649 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 4,375 shares during the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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