Vanguard Group Inc. Grows Stock Holdings in Columbus McKinnon Corporation $CMCO

Vanguard Group Inc. raised its position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,614,607 shares of the industrial products company’s stock after buying an additional 2,511 shares during the quarter. Vanguard Group Inc. owned about 5.64% of Columbus McKinnon worth $27,335,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of Columbus McKinnon by 37.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company’s stock valued at $16,513,000 after buying an additional 266,020 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Columbus McKinnon by 3,033.1% during the first quarter. GAMMA Investing LLC now owns 3,979 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 3,852 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Columbus McKinnon by 38.7% during the first quarter. Legato Capital Management LLC now owns 75,322 shares of the industrial products company’s stock worth $1,275,000 after acquiring an additional 21,028 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Columbus McKinnon during the first quarter worth about $833,000. Finally, Northern Trust Corp grew its stake in shares of Columbus McKinnon by 12.2% during the fourth quarter. Northern Trust Corp now owns 278,237 shares of the industrial products company’s stock worth $10,362,000 after acquiring an additional 30,176 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Price Performance

Shares of CMCO stock opened at $15.15 on Thursday. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The firm has a market capitalization of $435.26 million, a price-to-earnings ratio of -28.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. The stock’s 50-day simple moving average is $15.14 and its 200-day simple moving average is $16.11.

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

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Columbus McKinnon’s dividend payout ratio (DPR) is presently -51.85%.

Columbus McKinnon Company 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.