Columbus McKinnon Co. (NASDAQ:CMCO) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,967 shares of the industrial products company’s stock after purchasing an additional 39,686 shares during the period. Sei Investments Co. owned about 0.56% of Columbus McKinnon worth $5,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Intech Investment Management LLC acquired a new position in Columbus McKinnon in the third quarter worth approximately $264,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Columbus McKinnon by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock worth $14,067,000 after acquiring an additional 18,802 shares during the last quarter. Cerity Partners LLC raised its position in shares of Columbus McKinnon by 15.4% during the third quarter. Cerity Partners LLC now owns 46,036 shares of the industrial products company’s stock worth $1,657,000 after purchasing an additional 6,153 shares during the period. Walleye Capital LLC purchased a new stake in shares of Columbus McKinnon during the third quarter valued at $1,738,000. Finally, Verition Fund Management LLC boosted its position in shares of Columbus McKinnon by 72.8% in the 3rd quarter. Verition Fund Management LLC now owns 20,693 shares of the industrial products company’s stock valued at $745,000 after purchasing an additional 8,717 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Columbus McKinnon

In other Columbus McKinnon news, Director Chad R. Abraham bought 20,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of $16.05 per share, with a total value of $321,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $321,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher J. Stephens purchased 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the purchase, the director now owns 11,014 shares in the company, valued at $223,253.78. The trade was a 83.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 27,819 shares of company stock worth $473,064 over the last 90 days. 1.98% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. DA Davidson restated a “neutral” rating and issued a $35.00 price target on shares of Columbus McKinnon in a research report on Tuesday, February 18th.

Columbus McKinnon Trading Down 1.4 %

NASDAQ:CMCO opened at $16.70 on Wednesday. The stock’s 50-day moving average is $23.28 and its two-hundred day moving average is $31.48. 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 cap of $477.84 million, a PE ratio of 50.61 and a beta of 1.31. Columbus McKinnon Co. has a fifty-two week low of $15.48 and a fifty-two week high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. As a group, equities research analysts forecast 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. Investors of record on Friday, May 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.68%. Columbus McKinnon’s payout ratio is 84.85%.

Columbus McKinnon Company 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.