Orion Portfolio Solutions LLC Has $2.19 Million Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Orion Portfolio Solutions LLC lowered its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCOFree Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,197 shares of the industrial products company’s stock after selling 3,960 shares during the period. Orion Portfolio Solutions LLC owned about 0.20% of Columbus McKinnon worth $2,188,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Columbus McKinnon during the third quarter worth $61,000. SG Americas Securities LLC acquired a new stake in Columbus McKinnon during the fourth quarter worth $215,000. Carmel Capital Partners LLC boosted its stake in Columbus McKinnon by 692.6% during the fourth quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock worth $238,000 after buying an additional 5,326 shares in the last quarter. Bailard Inc. acquired a new stake in Columbus McKinnon during the fourth quarter worth $258,000. Finally, Acadian Asset Management LLC boosted its stake in Columbus McKinnon by 332.7% during the third quarter. Acadian Asset Management LLC now owns 8,913 shares of the industrial products company’s stock worth $310,000 after buying an additional 6,853 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Stock Down 7.5 %

Shares of NASDAQ:CMCO opened at $40.65 on Thursday. Columbus McKinnon Co. has a 52 week low of $30.29 and a 52 week high of $45.84. 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’s fifty day moving average is $42.94 and its 200-day moving average is $40.29. The company has a market capitalization of $1.17 billion, a PE ratio of 24.05 and a beta of 1.27.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were issued a $0.07 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. Columbus McKinnon’s dividend payout ratio is 16.57%.

Wall Street Analysts Forecast Growth

CMCO has been the topic of several recent analyst reports. StockNews.com downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Monday. DA Davidson boosted their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, February 5th.

View Our Latest Report on CMCO

About Columbus McKinnon

(Free Report)

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.

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Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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