Columbus McKinnon (NASDAQ:CMCO) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

A number of other research firms also recently commented on CMCO. Seaport Global Securities reiterated a “buy” rating and issued a $50.00 target price on shares of Columbus McKinnon in a report on Wednesday, January 10th. Roth Capital boosted their price target 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. ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.33.

Shares of Columbus McKinnon (CMCO) opened at $35.59 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.81 and a debt-to-equity ratio of 0.83. Columbus McKinnon has a fifty-two week low of $23.12 and a fifty-two week high of $44.55. The company has a market cap of $797.70, a P/E ratio of 18.24 and a beta of 1.78.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.13. Columbus McKinnon had a net margin of 1.10% and a return on equity of 11.87%. The business had revenue of $208.73 million for the quarter, compared to the consensus estimate of $201.08 million. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. analysts predict that Columbus McKinnon will post 2 earnings per share for the current fiscal year.

In other news, VP Mark R. Paradowski sold 3,906 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $39.96, for a total transaction of $156,083.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Alan S. Korman sold 1,558 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.10, for a total transaction of $62,475.80. The disclosure for this sale can be found here. Insiders have sold 6,225 shares of company stock worth $247,918 in the last 90 days. 3.91% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CMCO. Howe & Rusling Inc. acquired a new position in Columbus McKinnon in the 4th quarter valued at approximately $114,000. SG Americas Securities LLC acquired a new position in Columbus McKinnon in the 3rd quarter valued at approximately $141,000. Cubist Systematic Strategies LLC acquired a new position in Columbus McKinnon in the 3rd quarter valued at approximately $202,000. Trexquant Investment LP acquired a new position in Columbus McKinnon in the 3rd quarter valued at approximately $212,000. Finally, WealthTrust Axiom LLC acquired a new position in Columbus McKinnon in the 3rd quarter valued at approximately $227,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

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About Columbus McKinnon

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.

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