American Century Companies Inc. Invests $391,000 in Columbus McKinnon Corporation $CMCO

American Century Companies Inc. bought a new position in Columbus McKinnon Corporation (NASDAQ:CMCO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,078 shares of the industrial products company’s stock, valued at approximately $391,000. American Century Companies Inc. owned about 0.08% of Columbus McKinnon as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in 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 buying an additional 184,615 shares in the last quarter. Invesco Ltd. lifted 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 buying an additional 808,110 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in 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 buying an additional 266,020 shares in the last quarter. Systematic Financial Management LP lifted its position in Columbus McKinnon by 6.0% during the 4th quarter. Systematic Financial Management LP now owns 829,080 shares of the industrial products company’s stock worth $30,875,000 after buying an additional 46,806 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in Columbus McKinnon by 7.7% during the 1st quarter. Segall Bryant & Hamill LLC now owns 786,153 shares of the industrial products company’s stock worth $13,310,000 after buying an additional 56,028 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO opened at $14.89 on Friday. The firm’s 50-day simple moving average is $15.16 and its 200 day simple moving average is $15.70. The company has a market cap of $427.79 million, a price-to-earnings ratio of -27.57 and a beta of 1.28. 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 12-month low of $11.78 and a 12-month high of $41.05.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly 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. The business had revenue of $235.92 million for the quarter, compared to the consensus estimate of $230.88 million. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. On average, research analysts expect that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. 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.