Insider Selling: Columbus McKinnon Corporation (CMCO) VP Sells 500 Shares of Stock

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

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 down $0.09 during trading on Friday, hitting $42.91. 173,453 shares of the company traded hands, compared to its average volume of 127,025. 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 one year low of $22.88 and a one year high of $43.69. The company has a market capitalization of $986.86, a PE ratio of 50.48 and a beta of 1.91.

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, topping the consensus estimate of $0.45 by $0.06. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The company had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Columbus McKinnon’s revenue for the quarter was up 40.0% on a year-over-year basis. equities research analysts anticipate that Columbus McKinnon Corporation will post 1.95 EPS for the current year.

Several analysts recently weighed in on the stock. ValuEngine cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Seaport Global Securities reissued a “buy” rating and issued a $50.00 price objective on shares of Columbus McKinnon in a research note on Wednesday. Zacks Investment Research cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Roth Capital boosted their price objective on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, BidaskClub raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $42.00.

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Columbus McKinnon by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 224,919 shares of the industrial products company’s stock valued at $8,448,000 after acquiring an additional 50,970 shares during the last quarter. New York State Common Retirement Fund boosted its position in Columbus McKinnon by 16.0% during the second quarter. New York State Common Retirement Fund now owns 22,500 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 3,099 shares during the last quarter. Systematic Financial Management LP boosted its position in Columbus McKinnon by 17.4% during the third quarter. Systematic Financial Management LP now owns 264,273 shares of the industrial products company’s stock valued at $10,008,000 after acquiring an additional 39,118 shares during the last quarter. State Street Corp boosted its position in Columbus McKinnon by 6.0% during the second quarter. State Street Corp now owns 364,841 shares of the industrial products company’s stock valued at $9,277,000 after acquiring an additional 20,506 shares during the last quarter. Finally, Algert Global LLC bought a new stake in Columbus McKinnon during the third quarter valued at $1,054,000. 85.08% of the stock is currently owned by institutional investors and hedge funds.

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About Columbus McKinnon

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

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