Columbus McKinnon (NASDAQ:CMCO) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently commented on the company. Roth Capital increased their price target on Columbus McKinnon from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 15th. Seaport Global Securities reiterated a “buy” rating and issued a $50.00 price target on shares of Columbus McKinnon in a research note on Wednesday, January 10th. Zacks Investment Research cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Columbus McKinnon presently has an average rating of “Buy” and an average price target of $44.25.

Shares of Columbus McKinnon (NASDAQ:CMCO) opened at $44.42 on Friday. Columbus McKinnon has a 12-month low of $22.88 and a 12-month high of $44.44. The firm has a market capitalization of $1,060.00, a PE ratio of 52.26 and a beta of 1.91. 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 (NASDAQ:CMCO) last issued its quarterly earnings data 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. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The company had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. equities analysts expect that Columbus McKinnon will post 1.95 EPS for the current year.

In other Columbus McKinnon news, VP Alan S. Korman sold 1,558 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $40.10, for a total value of $62,475.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark R. Paradowski sold 3,906 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.96, for a total value of $156,083.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,754 shares of company stock valued at $1,408,020. 3.91% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Columbus McKinnon in the third quarter valued at about $141,000. Cubist Systematic Strategies LLC purchased a new position in shares of Columbus McKinnon in the third quarter worth about $202,000. Trexquant Investment LP purchased a new position in shares of Columbus McKinnon in the third quarter worth about $212,000. WealthTrust Axiom LLC purchased a new position in shares of Columbus McKinnon in the third quarter worth about $227,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Columbus McKinnon in the third quarter worth about $246,000. Institutional investors own 85.08% 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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