D. E. Shaw & Co. Inc. Sells 69,975 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

D. E. Shaw & Co. Inc. cut its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 85.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,801 shares of the industrial products company’s stock after selling 69,975 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Columbus McKinnon were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Isthmus Partners LLC grew its holdings in Columbus McKinnon by 0.5% during the 4th quarter. Isthmus Partners LLC now owns 69,246 shares of the industrial products company’s stock worth $2,579,000 after acquiring an additional 378 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Columbus McKinnon by 2.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 22,309 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 561 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in Columbus McKinnon by 1.8% during the 4th quarter. Cascade Investment Advisors Inc. now owns 33,110 shares of the industrial products company’s stock worth $1,233,000 after acquiring an additional 590 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Columbus McKinnon by 12.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 806 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Columbus McKinnon by 810.0% during the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 810 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CMCO. Wall Street Zen lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson reissued a “neutral” rating and set a $35.00 target price on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Insider Transactions at Columbus McKinnon

In other news, Director Kathryn V. Bohl purchased 2,819 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $17.99 per share, for a total transaction of $50,713.81. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Chad R. Abraham purchased 20,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $16.05 per share, for a total transaction of $321,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $321,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company’s stock.

Columbus McKinnon Stock Down 0.7%

Shares of NASDAQ CMCO opened at $16.42 on Tuesday. The company has a market capitalization of $469.83 million, a P/E ratio of 49.76 and a beta of 1.33. Columbus McKinnon Co. has a 52-week low of $11.78 and a 52-week high of $45.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. The company’s 50 day moving average price is $15.65 and its 200-day moving average price is $26.14.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Friday, May 2nd were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.71%. Columbus McKinnon’s dividend payout ratio (DPR) 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.