Columbus McKinnon Corporation (CMCO) Shares Sold by California Public Employees Retirement System

Xavier Trudeau
Août 12, 2017

Trexquant Investment LP boosted its stake in Columbus McKinnon Corporation by 42.9% in the first quarter. Vanguard Group Inc. now owns 820,712 shares of the industrial products company's stock valued at $20,863,000 after buying an additional 41,410 shares during the period. That brings the VP, Gen'l Counsel & Secretary's holdings to $373,440 as recorded in a recent Form 4 SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Columbus McKinnon Corporation during the fourth quarter valued at about $2,823,000. Envestnet Asset Management Inc. increased its position in Columbus McKinnon Corporation by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company's stock worth $34,906,000 after buying an additional 108,359 shares in the last quarter. Vanguard Group Inc. boosted its stake in Columbus McKinnon Corporation by 5.3% in the second quarter. Wells Fargo & Company MN now owns 28,723 shares of the industrial products company's stock valued at $712,000 after buying an additional 13,367 shares during the period. State Street Corp increased its position in Columbus McKinnon Corporation by 6.1% in the fourth quarter. Essex Investment Management Co. State Street Corp now owns 334,187 shares of the industrial products company's stock worth $9,040,000 after buying an additional 19,266 shares during the last quarter. Value of 15.00000. Investors often have a large selection of stocks to research when looking to add to the portfolio.

Trading volume for Columbus McKinnon Corporation was 103K on Friday. The stock has a 50 day moving average of $26.92 and a 200-day moving average of $26.25. The firm has a market cap of $714.72 million, a price-to-earnings ratio of 47.86 and a beta of 1.92. Columbus McKinnon Corporation has a 12-month low of $16.28 and a 12-month high of $33.12.

Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23, Bloomberg Earnings reports. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. The business had revenue of $203.70 million during the quarter, compared to the consensus estimate of $190.62 million. During the same period past year, the firm posted $0.32 earnings per share. The company's revenue for the quarter was up 36.7% compared to the same quarter past year. On average, equities research analysts forecast that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. The ex-dividend date is Wednesday, August 9th. This represents a $0.16 annualized dividend and a dividend yield of 0.50%.

Columbus McKinnon Corporation, launched on October 23, 1929, 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.

COPYRIGHT VIOLATION WARNING: This news story was posted by BBNS and is the sole property of of BBNS. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & global trademark & copyright legislation. The correct version of this article can be accessed at https://www.thestockobserver.com/2017/08/11/columbus-mckinnon-corporation-nasdaqcmco-position-raised-by-morgan-stanley.html.

A number of research analysts recently weighed in on CMCO shares. Zacks Investment Research raised Columbus McKinnon Corporation from a "hold" rating to a "strong-buy" rating and set a $37.00 price target for the company in a research note on Thursday, August 3rd. Finally, TheStreet raised shares of Columbus McKinnon Corporation from a "c" rating to a "b" rating in a report on Tuesday, August 1st. BidaskClub downgraded Columbus McKinnon Corporation from a "sell" rating to a "strong sell" rating in a research note on Thursday, July 13th. ValuEngine downgraded Columbus McKinnon Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus price target of $34.50. The shares were sold at an average price of $32.15, for a total value of $281,955.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

In other Columbus McKinnon Corporation news, VP Alan S. Korman sold 3,000 shares of the company's stock in a transaction that occurred on Friday, June 2nd.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL