Columbus Mckinnon Corp Has Bullish Trade, Rbc Global Asset Management (U.S.) Bought Stake!

February 12, 2018 - By Richard Conner

 Columbus Mckinnon Corp Has Bullish Trade, Rbc Global Asset Management (U.S.) Bought Stake!

Investors sentiment increased to 1.44 in Q3 2017. Its up 0.39, from 1.05 in 2017Q2. It improved, as 14 investors sold Columbus McKinnon Corporation shares while 40 reduced holdings. 35 funds opened positions while 43 raised stakes. 19.43 million shares or 0.11% more from 19.41 million shares in 2017Q2 were reported.

D E Shaw & Co owns 93,925 shares for 0.01% of their portfolio. Adage Cap Partners Grp Ltd Llc, Massachusetts-based fund reported 791,842 shares. Manufacturers Life Insurance The has 16,930 shares for 0% of their portfolio. Morgan Stanley owns 154,004 shares or 0% of their US portfolio. 4 are held by Point72 Asia (Hong Kong) Ltd. Glob X Mgmt Lc stated it has 0% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO). Shell Asset Mgmt reported 0.01% of its portfolio in Columbus McKinnon Corporation (NASDAQ:CMCO). Aqr Capital Mngmt Ltd Liability holds 0% in Columbus McKinnon Corporation (NASDAQ:CMCO) or 85,374 shares. First Advsrs L P, Illinois-based fund reported 15,907 shares. Alliancebernstein L P holds 0.02% or 774,895 shares in its portfolio. Tennessee-based First Mercantile has invested 0.03% in Columbus McKinnon Corporation (NASDAQ:CMCO). Zacks Invest has 0.02% invested in Columbus McKinnon Corporation (NASDAQ:CMCO) for 27,386 shares. Wells Fargo Mn holds 32,562 shares or 0% of its portfolio. Great West Life Assurance Can reported 3,656 shares stake. Legal General Gp Public Lc has invested 0% in Columbus McKinnon Corporation (NASDAQ:CMCO).

Since August 15, 2017, it had 0 insider purchases, and 3 insider sales for $133,215 activity. 9,723 shares were sold by TEVENS TIMOTHY T, worth $311,233 on Tuesday, August 15. Shares for $417,755 were sold by Wozniak Kurt F.

The New Rbc Global Asset Management (U.S.) Holding in Columbus Mckinnon Corp

Rbc Global Asset Management (U.S.) reported SC 13G/A form with the SEC for Columbus Mckinnon Corp. Access it here: 000119312518039246. As reported by Rbc Global Asset Management (U.S.), the filler owns 12.1% or 2,778,087 shares of the Industrials–company.

Columbus Mckinnon Corp stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Rbc Global Asset Management (U.S.)’s positive view for Columbus Mckinnon Corp.

Columbus Mckinnon Corp Institutional Sentiment

Filings show 113 investors own Columbus Mckinnon Corp. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 8632382. 27223837 were owned by these investors. 18 funds opened new Columbus Mckinnon Corp stakes, 44 increased positions. There were 8 that closed positions and 34 reduced them.

Peter Schliemann Rutabaga Capital Management Llc is an investor bullish on Columbus Mckinnon Corp, owning 451431 shares as of Q3 2015 for 1.01% of its portfolio. Pacific Ridge Capital Partners Llc owns 98280 shares or 0.88% of its portfolio. WI Morgan Dempsey Capital Management Llc have 0.88% of its portfolio for 136910 shares. Further, Forest Hill Capital Llc reported stake worth 0.36% of its portfolio. The CA Spitfire Capital Llc owns 489911 shares. Columbus Mckinnon Corp is 3.82% of its portfolio.

Business Profile

Columbus McKinnon Corporation 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. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.

SEC Form 13G.

The stock decreased 1.60% or $0.57 during the last trading session, reaching $35.02. About 66,421 shares traded. Columbus McKinnon Corporation (NASDAQ:CMCO) has risen 68.84% since February 12, 2017 and is uptrending. It has outperformed by 52.14% the S&P500.

Columbus McKinnon Corporation designs, makes, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial end-user markets worldwide. The company has market cap of $805.41 million. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists, as well as supplies hoist trolleys; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists. It has a 89.34 P/E ratio. The firm also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; eye, shank, and ramshorn lifting hooks; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices.

Columbus McKinnon Corporation (NASDAQ:CMCO) Ratings Coverage

Among 5 analysts covering Columbus McKinnon (NASDAQ:CMCO), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Columbus McKinnon has $50.0 highest and $17 lowest target. $40.33’s average target is 15.16% above currents $35.02 stock price. Columbus McKinnon had 10 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Seaport Global Securities to “Neutral” on Friday, January 15. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given on Wednesday, January 10 by Seaport Global. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given on Friday, July 28 by Roth Capital. Seaport Global Securities upgraded the shares of CMCO in report on Monday, January 23 to “Buy” rating. As per Monday, January 18, the company rating was downgraded by Seaport Global Securities. The rating was downgraded by Sidoti to “Neutral” on Wednesday, December 7. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given on Thursday, November 2 by Roth Capital. The rating was upgraded by Sidoti to “Buy” on Wednesday, July 29. The rating was downgraded by Zacks to “Sell” on Monday, September 21. The stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given on Thursday, January 26 by Sidoti.

More notable recent Columbus McKinnon Corporation (NASDAQ:CMCO) news were published by: Seekingalpha.com which released: “Columbus McKinnon: Turning The Corner” on June 12, 2017, also Businesswire.com with their article: “Columbus McKinnon Names Bert A. Brant Vice President of Global Manufacturing …” published on February 12, 2018, Marketwatch.com published: “Columbus McKinnon Corp.” on May 17, 2017. More interesting news about Columbus McKinnon Corporation (NASDAQ:CMCO) were released by: Nasdaq.com and their article: “Columbus McKinnon Corporation (CMCO) Ex-Dividend Date Scheduled for February …” published on February 07, 2018 as well as Globenewswire.com‘s news article titled: “Columbus McKinnon Introduces CM® Rocketâ„¢ Universal Pendant Control” with publication date: August 08, 2017.

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