SG Americas Securities LLC Makes New $215,000 Investment in Columbus McKinnon Co. (NASDAQ:CMCO)

SG Americas Securities LLC acquired a new stake in Columbus McKinnon Co. (NASDAQ:CMCO) in the 4th quarter, Holdings Channel reports. The fund acquired 5,512 shares of the industrial products company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in shares of Columbus McKinnon during the third quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its stake in shares of Columbus McKinnon by 350.5% during the first quarter. Tower Research Capital LLC TRC now owns 919 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 715 shares during the period. Point72 Middle East FZE acquired a new position in shares of Columbus McKinnon during the second quarter valued at approximately $43,000. Point72 Hong Kong Ltd acquired a new position in shares of Columbus McKinnon during the second quarter valued at approximately $54,000. Finally, Quantbot Technologies LP acquired a new position in shares of Columbus McKinnon during the third quarter valued at approximately $61,000. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCO has been the topic of a number of research analyst reports. StockNews.com lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. TheStreet upgraded shares of Columbus McKinnon from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Finally, DA Davidson raised their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 5th.

Insider Buying and Selling

In related news, SVP Lara Mario Y. Ramos sold 9,071 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.50, for a total value of $349,233.50. Following the completion of the transaction, the senior vice president now owns 12,266 shares of the company’s stock, valued at approximately $472,241. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gregory P. Rustowicz sold 9,461 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $41.44, for a total value of $392,063.84. Following the completion of the transaction, the chief financial officer now owns 79,012 shares of the company’s stock, valued at approximately $3,274,257.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lara Mario Y. Ramos sold 9,071 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.50, for a total transaction of $349,233.50. Following the completion of the transaction, the senior vice president now directly owns 12,266 shares of the company’s stock, valued at approximately $472,241. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Columbus McKinnon Trading Down 1.6 %

Shares of NASDAQ:CMCO opened at $41.74 on Friday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 24.70 and a beta of 1.29. Columbus McKinnon Co. has a 1-year low of $30.29 and a 1-year high of $44.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.92. The company has a 50 day moving average price of $42.28 and a 200 day moving average price of $38.06.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $254.14 million during the quarter, compared to analysts’ expectations of $254.00 million. Columbus McKinnon had a net margin of 4.86% and a return on equity of 9.88%. During the same period last year, the firm posted $0.72 earnings per share. On average, research analysts anticipate that Columbus McKinnon Co. will post 2.95 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, May 2nd. Columbus McKinnon’s dividend payout ratio is 16.57%.

Columbus McKinnon Profile

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.