Columbus McKinnon Corporation (CMCO) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its holdings in Columbus McKinnon Corporation (NASDAQ:CMCO) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 850,186 shares of the industrial products company’s stock after buying an additional 4,726 shares during the quarter. Macquarie Group Ltd. owned approximately 3.76% of Columbus McKinnon Corporation worth $21,612,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in Columbus McKinnon Corporation in the first quarter valued at about $6,443,000. Dimensional Fund Advisors LP raised its position in Columbus McKinnon Corporation by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,264,809 shares of the industrial products company’s stock valued at $31,393,000 after purchasing an additional 152,165 shares during the last quarter. Kennedy Capital Management Inc. raised its position in Columbus McKinnon Corporation by 188.5% in 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 purchasing an additional 147,775 shares during the last quarter. Royal Bank of Canada raised its position in Columbus McKinnon Corporation by 4.7% in 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 purchasing an additional 118,139 shares during the last quarter. Finally, EAM Investors LLC bought a new position in Columbus McKinnon Corporation in the second quarter valued at about $2,490,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This report was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/10/12/columbus-mckinnon-corporation-cmco-shares-bought-by-macquarie-group-ltd.html.

Several equities analysts have commented on the company. Roth Capital set a $36.00 target price on Columbus McKinnon Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. TheStreet upgraded Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Finally, ValuEngine downgraded Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Columbus McKinnon Corporation presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Columbus McKinnon Corporation (NASDAQ CMCO) opened at 37.80 on Thursday. The company has a market capitalization of $855.23 million, a P/E ratio of 57.27 and a beta of 1.90. The firm has a 50-day moving average price of $34.69 and a 200 day moving average price of $28.65. Columbus McKinnon Corporation has a 52-week low of $16.86 and a 52-week high of $38.64.

Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.23. The company had revenue of $203.70 million during the quarter, compared to analysts’ expectations of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. Columbus McKinnon Corporation’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, analysts predict that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.

In related news, VP Gene P. Buer sold 10,669 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $31.66, for a total transaction of $337,780.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy T. Tevens sold 8,770 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $32.15, for a total value of $281,955.50. Following the sale, the chief executive officer now owns 293,536 shares of the company’s stock, valued at $9,437,182.40. The disclosure for this sale can be found here. Insiders have sold a total of 167,932 shares of company stock valued at $5,416,512 over the last 90 days. 3.91% of the stock is currently owned by company insiders.

About Columbus McKinnon Corporation

Institutional Ownership by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

What are top analysts saying about Columbus McKinnon Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Columbus McKinnon Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit