Columbus McKinnon Corp. (NASDAQ:CMCO) CEO Mark D. Morelli sold 2,795 shares of Columbus McKinnon stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $37.00, for a total transaction of $103,415.00. Following the sale, the chief executive officer now owns 17,608 shares of the company’s stock, valued at approximately $651,496. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of NASDAQ:CMCO traded down $1.03 during trading hours on Friday, hitting $36.02. The company’s stock had a trading volume of 3,065 shares, compared to its average volume of 155,680. Columbus McKinnon Corp. has a 52 week low of $30.76 and a 52 week high of $43.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.10. The company has a market capitalization of $854.38 million, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.11 and a beta of 1.73. The firm’s fifty day moving average price is $37.86 and its 200 day moving average price is $37.43.
Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Columbus McKinnon had a net margin of 8.39% and a return on equity of 15.06%. The business had revenue of $199.36 million during the quarter, compared to analyst estimates of $201.24 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that Columbus McKinnon Corp. will post 2.84 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Columbus McKinnon in the 4th quarter valued at about $1,986,000. Goldman Sachs Group Inc. grew its position in shares of Columbus McKinnon by 36.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 734,462 shares of the industrial products company’s stock worth $29,401,000 after buying an additional 197,018 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Columbus McKinnon in the 4th quarter worth approximately $382,000. Stifel Financial Corp purchased a new position in shares of Columbus McKinnon in the 4th quarter worth approximately $833,000. Finally, Renaissance Technologies LLC grew its position in shares of Columbus McKinnon by 10.7% in the 4th quarter. Renaissance Technologies LLC now owns 266,000 shares of the industrial products company’s stock worth $10,648,000 after buying an additional 25,700 shares during the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.
A number of equities research analysts recently weighed in on CMCO shares. ValuEngine upgraded shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Zacks Investment Research lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Dougherty & Co restated a “buy” rating on shares of Columbus McKinnon in a report on Friday, November 8th. Barrington Research started coverage on shares of Columbus McKinnon in a report on Tuesday, December 17th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, BidaskClub lowered shares of Columbus McKinnon from a “sell” rating to a “strong sell” rating in a report on Saturday, February 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Columbus McKinnon presently has an average rating of “Hold” and a consensus target price of $46.00.
Columbus McKinnon Company Profile
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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