Columbus McKinnon Corporation $CMCO Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 946.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 56,758 shares of the industrial products company’s stock after purchasing an additional 51,332 shares during the period. Hsbc Holdings PLC owned approximately 0.20% of Columbus McKinnon worth $942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCO. Invesco Ltd. grew its position in Columbus McKinnon by 177.5% during the 1st quarter. Invesco Ltd. now owns 1,263,320 shares of the industrial products company’s stock worth $21,388,000 after purchasing an additional 808,110 shares during the period. Heartland Advisors Inc. grew its position in Columbus McKinnon by 477.4% during the 1st quarter. Heartland Advisors Inc. now owns 577,375 shares of the industrial products company’s stock worth $9,775,000 after purchasing an additional 477,375 shares during the period. Bernzott Capital Advisors boosted its stake in shares of Columbus McKinnon by 315.0% during the 1st quarter. Bernzott Capital Advisors now owns 419,670 shares of the industrial products company’s stock worth $7,105,000 after acquiring an additional 318,537 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Columbus McKinnon by 37.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company’s stock worth $16,513,000 after acquiring an additional 266,020 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Columbus McKinnon by 13.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,547,958 shares of the industrial products company’s stock worth $57,646,000 after acquiring an additional 184,615 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Trading Down 1.6%

CMCO stock opened at $14.98 on Friday. The company’s 50-day simple moving average is $15.17 and its 200-day simple moving average is $15.90. The company has a quick ratio of 1.01, a current ratio of 1.85 and a debt-to-equity ratio of 0.46. Columbus McKinnon Corporation has a 52-week low of $11.78 and a 52-week high of $41.05. The firm has a market cap of $430.38 million, a P/E ratio of -27.74 and a beta of 1.29.

Columbus McKinnon (NASDAQ:CMCO) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. 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 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon’s dividend payout ratio is presently -51.85%.

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.