Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $37.78, for a total transaction of $18,890.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Alan S. Korman also recently made the following trade(s):

  • On Thursday, November 30th, Alan S. Korman sold 261 shares of Columbus McKinnon stock. The stock was sold at an average price of $40.11, for a total transaction of $10,468.71.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up $0.40 during mid-day trading on Thursday, reaching $43.00. 187,987 shares of the company’s stock were exchanged, compared to its average volume of 175,804. The firm has a market capitalization of $988.93, a PE ratio of 50.59 and a beta of 1.91. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 0.89. Columbus McKinnon Corporation has a 1 year low of $22.88 and a 1 year high of $43.69.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. Columbus McKinnon’s revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. research analysts anticipate that Columbus McKinnon Corporation will post 1.95 earnings per share for the current fiscal year.

Several research firms recently issued reports on CMCO. Roth Capital raised their target price 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. BidaskClub raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research cut shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Seaport Global Securities reissued a “buy” rating and issued a $50.00 target price on shares of Columbus McKinnon in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $42.00.

A number of hedge funds have recently made changes to their positions in CMCO. Kennedy Capital Management Inc. lifted its position in Columbus McKinnon by 188.5% during the second quarter. Kennedy Capital Management Inc. now owns 226,151 shares of the industrial products company’s stock valued at $5,749,000 after buying an additional 147,775 shares in the last quarter. Macquarie Group Ltd. lifted its position in Columbus McKinnon by 14.6% during the third quarter. Macquarie Group Ltd. now owns 974,628 shares of the industrial products company’s stock valued at $36,909,000 after buying an additional 124,442 shares in the last quarter. Royal Bank of Canada lifted its position in Columbus McKinnon by 4.7% during the second quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock valued at $66,309,000 after buying an additional 118,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Columbus McKinnon by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock valued at $34,906,000 after buying an additional 108,359 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in Columbus McKinnon during the second quarter valued at approximately $2,490,000. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

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Columbus McKinnon Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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