Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 261 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $40.11, for a total value of $10,468.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Columbus McKinnon Corporation (CMCO) traded down $0.87 on Thursday, reaching $38.58. The company had a trading volume of 98,207 shares, compared to its average volume of 124,927. The stock has a market capitalization of $911.89, a P/E ratio of 23.31 and a beta of 1.90. Columbus McKinnon Corporation has a 1 year low of $22.88 and a 1 year high of $41.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.
Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, topping 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 business posted $0.36 EPS. Columbus McKinnon’s quarterly revenue was up 40.0% compared to the same quarter last year. sell-side analysts anticipate that Columbus McKinnon Corporation will post 1.95 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in CMCO. SG Americas Securities LLC bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $141,000. Laurion Capital Management LP bought a new position in Columbus McKinnon during the 2nd quarter worth approximately $202,000. Cubist Systematic Strategies LLC bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $202,000. Trexquant Investment LP bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $212,000. Finally, WealthTrust Axiom LLC bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $227,000. 85.17% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on CMCO shares. ValuEngine raised Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Thursday, November 2nd. Finally, Roth Capital increased their price target on Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.00.
TRADEMARK VIOLATION WARNING: “Insider Selling: Columbus McKinnon Corporation (CMCO) VP Sells $10,468.71 in Stock” was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/07/insider-selling-columbus-mckinnon-corporation-cmco-vp-sells-10468-71-in-stock.html.
About Columbus McKinnon
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.