Columbus McKinnon Co. (NASDAQ:CMCO) Stock Position Lowered by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 83.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,716 shares of the industrial products company’s stock after selling 14,175 shares during the quarter. Quantbot Technologies LP’s holdings in Columbus McKinnon were worth $101,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its position in Columbus McKinnon by 8.1% in the third quarter. Lord Abbett & CO. LLC now owns 1,003,751 shares of the industrial products company’s stock worth $36,135,000 after acquiring an additional 74,831 shares in the last quarter. Systematic Financial Management LP boosted its holdings in Columbus McKinnon by 12.0% in the 3rd quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock valued at $28,162,000 after purchasing an additional 83,610 shares during the period. Victory Capital Management Inc. grew its position in Columbus McKinnon by 117.8% during the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock worth $27,455,000 after buying an additional 398,826 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Columbus McKinnon during the 4th quarter worth approximately $26,416,000. Finally, Geode Capital Management LLC increased its holdings in Columbus McKinnon by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 687,852 shares of the industrial products company’s stock valued at $24,767,000 after buying an additional 10,581 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson restated a “neutral” rating and set a $35.00 target price on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Insiders Place Their Bets

In other news, Director Christopher J. Stephens purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $20.27 per share, for a total transaction of $101,350.00. Following the transaction, the director now directly owns 11,014 shares of the company’s stock, valued at approximately $223,253.78. The trade was a 83.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathryn V. Bohl acquired 2,819 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of $17.99 per share, with a total value of $50,713.81. Following the acquisition, the director now owns 14,812 shares of the company’s stock, valued at approximately $266,467.88. This trade represents a 23.51 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 27,819 shares of company stock valued at $473,064. Company insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

CMCO opened at $16.93 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The stock has a market capitalization of $484.42 million, a P/E ratio of 51.30 and a beta of 1.31. The company’s 50 day simple moving average is $23.70 and its 200-day simple moving average is $31.58. Columbus McKinnon Co. has a one year low of $15.48 and a one year high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. Sell-side analysts anticipate that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.28 annualized dividend and a yield of 1.65%. Columbus McKinnon’s dividend payout ratio is currently 84.85%.

Columbus McKinnon 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.