Bailard Inc. Acquires Shares of 6,600 Columbus McKinnon Co. (NASDAQ:CMCO)

Bailard Inc. bought a new position in Columbus McKinnon Co. (NASDAQ:CMCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,600 shares of the industrial products company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its stake in Columbus McKinnon by 4.9% during the third quarter. Barclays PLC now owns 15,669 shares of the industrial products company’s stock worth $548,000 after buying an additional 736 shares during the last quarter. Carmel Capital Partners LLC purchased a new position in shares of Columbus McKinnon during the 3rd quarter worth $27,000. Teacher Retirement System of Texas boosted its position in shares of Columbus McKinnon by 4.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 22,834 shares of the industrial products company’s stock valued at $797,000 after acquiring an additional 881 shares during the last quarter. Swiss National Bank grew its holdings in shares of Columbus McKinnon by 1.4% in the third quarter. Swiss National Bank now owns 63,211 shares of the industrial products company’s stock valued at $2,207,000 after purchasing an additional 900 shares during the period. Finally, Ziegler Capital Management LLC increased its position in Columbus McKinnon by 7.5% during the fourth quarter. Ziegler Capital Management LLC now owns 18,370 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 1,288 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on CMCO shares. StockNews.com lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. DA Davidson upped their price objective on Columbus McKinnon from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, TheStreet upgraded Columbus McKinnon from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd.

Insider Activity at Columbus McKinnon

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

Columbus McKinnon Trading Up 1.7 %

Shares of CMCO stock opened at $41.93 on Monday. The company has a 50-day moving average of $42.09 and a two-hundred day moving average of $38.53. The firm has a market cap of $1.20 billion, a PE ratio of 24.81 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 current ratio of 1.92 and a quick ratio of 1.16.

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

Columbus McKinnon Announces Dividend

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

Columbus McKinnon Company 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.