Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Columbus McKinnon Co. (NASDAQ:CMCO - Get Rating) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 437,700 shares, an increase of 10.6% from the August 15th total of 395,900 shares. Based on an average daily volume of 104,500 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.6% of the company's stock are short sold. Analyst Upgrades and Downgrades
CMCO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Columbus McKinnon from a "hold" rating to a "buy" rating in a research note on Friday, August 26th. DA Davidson decreased their target price on Columbus McKinnon from $50.00 to $45.00 in a report on Monday, June 27th. JPMorgan Chase & Co. lowered Columbus McKinnon from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $64.00 to $37.00 in a report on Thursday, May 26th. Craig Hallum lowered Columbus McKinnon from a "buy" rating to a "hold" rating and decreased their target price for the stock from $60.00 to $35.00 in a report on Wednesday, May 25th. Finally, Barrington Research decreased their target price on Columbus McKinnon from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $41.25.Hedge Funds Weigh In On Columbus McKinnon
A number of institutional investors and hedge funds have recently bought and sold shares of the company. TimesSquare Capital Management LLC acquired a new stake in shares of Columbus McKinnon in the first quarter valued at about $17,791,000. GW&K Investment Management LLC grew its stake in Columbus McKinnon by 23.4% during the first quarter. GW&K Investment Management LLC now owns 1,109,607 shares of the industrial products company's stock worth $47,047,000 after purchasing an additional 210,089 shares during the period. Westwood Holdings Group Inc. grew its stake in Columbus McKinnon by 30.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 725,231 shares of the industrial products company's stock worth $33,549,000 after purchasing an additional 168,462 shares during the period. Millennium Management LLC acquired a new stake in Columbus McKinnon during the second quarter worth approximately $4,663,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Columbus McKinnon during the second quarter worth approximately $3,543,000. Institutional investors and hedge funds own 96.85% of the company's stock. Columbus McKinnon Price Performance
Shares of CMCO stock traded up $0.18 on Monday, hitting $28.92. 65,142 shares of the company's stock were exchanged, compared to its average volume of 117,893. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.16. Columbus McKinnon has a 12 month low of $26.42 and a 12 month high of $54.20. The stock has a market cap of $827.89 million, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.49 and a beta of 1.26. The company has a 50 day moving average of $31.37 and a 200 day moving average of $34.33. Columbus McKinnon Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, August 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.97%. Columbus McKinnon's payout ratio is presently 17.83%. Columbus McKinnon Company Profile (Get Rating)
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators.Read MoreGet a free copy of the StockNews.com research report on Columbus McKinnon (CMCO)Still Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity? Autozone Shifts Back Into Rally-Mode, New Highs Are In SightUpwork Shares Stumble into Bargain Territory Kroger’s is Your One-Stop Consumer Staples Stock
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Columbus McKinnon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Columbus McKinnon wasn't on the list.
While Columbus McKinnon currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.