Analysts are on the Bearish side about Columbus McKinnon Corp. (NASDAQ:CMCO) this week.

July 18, 2017 - By Henry Gaston

 Analysts are on the Bearish side about Columbus McKinnon Corp. (NASDAQ:CMCO) this week.
Investors sentiment increased to 1.8 in 2016 Q4. Its up 0.23, from 1.57 in 2016Q3. It increased, as 7 investors sold Columbus McKinnon Corp. shares while 33 reduced holdings. 31 funds opened positions while 41 raised stakes. 16.39 million shares or 0.69% more from 16.28 million shares in 2016Q3 were reported.
Royal Bank Of Canada holds 0.04% of its portfolio in Columbus McKinnon Corp. (NASDAQ:CMCO) for 2.47M shares. 11,166 are owned by Group Incorporated. State Street reported 334,187 shares stake. Morgan Stanley stated it has 177,875 shares. Bridgeway Mgmt Incorporated invested 0.01% of its portfolio in Columbus McKinnon Corp. (NASDAQ:CMCO). Great West Life Assurance Can has 3,656 shares for 0% of their portfolio. Tfs Cap Ltd Liability stated it has 13,263 shares or 0.1% of all its holdings. Numeric Ltd owns 278,332 shares. 18,300 are held by New York State Common Retirement Fund. Connor Clark And Lunn Inv Mngmt accumulated 15,225 shares. Amer Century Inc stated it has 10,192 shares. Blackrock Advsr Limited holds 10,217 shares or 0% of its portfolio. Cornercap Investment Counsel Inc owns 68,690 shares. Aristotle Boston, Massachusetts-based fund reported 308,197 shares. Thompson Siegel & Walmsley owns 500 shares for 0% of their portfolio.

Since June 1, 2017, it had 0 buys, and 4 sales for $266,781 activity. $142,829 worth of Columbus McKinnon Corp. (NASDAQ:CMCO) was sold by Buer Gene P on Wednesday, June 7.

Columbus McKinnon Corp. (NASDAQ:CMCO) Ratings Coverage

Among 3 analysts covering Columbus McKinnon (NASDAQ:CMCO), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Columbus McKinnon had 7 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global Securities on Monday, January 23. Sidoti upgraded the shares of CMCO in report on Thursday, January 26 to “Buy” rating. Sidoti downgraded Columbus McKinnon Corp. (NASDAQ:CMCO) on Wednesday, December 7 to “Neutral” rating. The firm earned “Sell” rating on Monday, September 21 by Zacks. The stock of Columbus McKinnon Corp. (NASDAQ:CMCO) earned “Neutral” rating by Seaport Global Securities on Monday, January 18. The firm has “Buy” rating by Sidoti given on Wednesday, July 29. The stock has “Neutral” rating by Seaport Global Securities on Friday, January 15. Below is a list of Columbus McKinnon Corp. (NASDAQ:CMCO) latest ratings and price target changes.

26/01/2017 Broker: Sidoti Old Rating: Neutral New Rating: Buy Upgrade
23/01/2017 Broker: Seaport Global Securities Old Rating: Neutral New Rating: Buy Old Target: $24 New Target: $30 Upgrade

The stock increased 1.03% or $0.26 during the last trading session, reaching $25.62. About shares traded. Columbus McKinnon Corp. (NASDAQ:CMCO) has risen 68.84% since July 18, 2016 and is uptrending. It has outperformed by 52.14% the S&P500.

Columbus McKinnon Corporation is a global designer, maker 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. The company has market cap of $585.63 million.

More notable recent Columbus McKinnon Corp. (NASDAQ:CMCO) news were published by: Seekingalpha.com which released: “Columbus McKinnon: Turning The Corner” on June 12, 2017, also Seekingalpha.com with their article: “Columbus McKinnon’s (CMCO) CEO Mark Morelli on Q4 2017 Results – Earnings Call …” published on May 31, 2017, Globenewswire.com published: “Columbus McKinnon Completes Acquisition of STAHL CraneSystems” on January 31, 2017. More interesting news about Columbus McKinnon Corp. (NASDAQ:CMCO) were released by: Seekingalpha.com and their article: “Columbus McKinnon Poised For An Industrial Recovery, But So Is The Street” published on December 08, 2016 as well as Buffalonews.com‘s news article titled: “Columbus McKinnon to buy German hoist maker for $240 million” with publication date: December 07, 2016.

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