Victory Capital Management Inc. Has $777,000 Stock Position in Columbus McKinnon Corporation (NASDAQ:CMCO)

Victory Capital Management Inc. lowered its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 93.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,912 shares of the industrial products company’s stock after selling 691,338 shares during the period. Victory Capital Management Inc. owned approximately 0.16% of Columbus McKinnon worth $777,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new stake in Columbus McKinnon during the fourth quarter worth about $250,000. LPL Financial LLC acquired a new stake in shares of Columbus McKinnon during the 4th quarter worth approximately $425,000. Vanguard Group Inc. increased its stake in Columbus McKinnon by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,612,096 shares of the industrial products company’s stock valued at $60,034,000 after acquiring an additional 19,550 shares during the last quarter. JPMorgan Chase & Co. raised its position in Columbus McKinnon by 183.2% during the fourth quarter. JPMorgan Chase & Co. now owns 76,512 shares of the industrial products company’s stock valued at $2,849,000 after purchasing an additional 49,498 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its position in Columbus McKinnon by 89.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 22,604 shares of the industrial products company’s stock valued at $842,000 after purchasing an additional 10,642 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Trading Down 3.7%

Shares of CMCO stock opened at $14.11 on Friday. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The stock’s fifty day moving average price is $15.50 and its two-hundred day moving average price is $18.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.85. The company has a market cap of $405.38 million, a PE ratio of -26.13 and a beta of 1.30.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $235.92 million during the quarter, compared to the consensus estimate of $230.88 million. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%. Equities analysts predict that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 8th. Columbus McKinnon’s dividend payout ratio (DPR) is presently -164.71%.

About Columbus McKinnon

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.