Columbus McKinnon (NASDAQ:CMCO) Given Sell (D) Rating at Weiss Ratings

Key Points

• Analysts at Weiss Ratings have reaffirmed a "sell (D)" rating for Columbus McKinnon (NASDAQ:CMCO), while Wall Street Zen upgraded the stock from "hold" to "buy."
• The company reported $0.50 EPS for the last quarter, narrowly beating analysts' estimates and generating revenue of $235.92 million.
• Currently, 95.96% of Columbus McKinnon shares are owned by institutional investors, reflecting strong institutional interest in the company.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Columbus McKinnon from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $35.00.

Columbus McKinnon Price Performance

Shares of Columbus McKinnon stock traded up $0.59 during midday trading on Wednesday, reaching $15.32. The company had a trading volume of 176,334 shares, compared to its average volume of 287,310. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $440.14 million, a price-to-earnings ratio of -28.37 and a beta of 1.26. The stock has a fifty day simple moving average of $14.70 and a 200 day simple moving average of $15.24. Columbus McKinnon has a 1-year low of $11.78 and a 1-year high of $41.05.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The firm had revenue of $235.92 million during the quarter, compared to analyst estimates of $230.88 million. As a group, equities research analysts forecast that Columbus McKinnon will post 2.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Moody National Bank Trust Division grew its position in shares of Columbus McKinnon by 3.0% during the 2nd quarter. Moody National Bank Trust Division now owns 23,885 shares of the industrial products company's stock valued at $365,000 after acquiring an additional 703 shares during the period. Bridge City Capital LLC lifted its stake in Columbus McKinnon by 0.8% in the 2nd quarter. Bridge City Capital LLC now owns 97,866 shares of the industrial products company's stock worth $1,494,000 after purchasing an additional 784 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Columbus McKinnon by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company's stock valued at $166,000 after buying an additional 852 shares in the last quarter. Signaturefd LLC raised its position in shares of Columbus McKinnon by 58.4% during the 2nd quarter. Signaturefd LLC now owns 3,847 shares of the industrial products company's stock valued at $59,000 after buying an additional 1,418 shares in the last quarter. Finally, CWM LLC raised its position in shares of Columbus McKinnon by 79.2% during the 1st quarter. CWM LLC now owns 3,422 shares of the industrial products company's stock valued at $58,000 after buying an additional 1,512 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.

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