Vanguard Personalized Indexing Management LLC Invests $175,000 in Columbus McKinnon Corporation $CMCO

Vanguard Personalized Indexing Management LLC acquired a new position in Columbus McKinnon Corporation (NASDAQ:CMCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,434 shares of the industrial products company’s stock, valued at approximately $175,000.

Other large investors also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in shares of Columbus McKinnon by 946.0% in the first quarter. Hsbc Holdings PLC now owns 56,758 shares of the industrial products company’s stock worth $942,000 after acquiring an additional 51,332 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Columbus McKinnon in the first quarter worth $654,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Columbus McKinnon in the second quarter worth $308,000. Walleye Capital LLC acquired a new stake in shares of Columbus McKinnon in the first quarter worth $3,167,000. Finally, Jump Financial LLC increased its position in shares of Columbus McKinnon by 1,087.2% in the first quarter. Jump Financial LLC now owns 88,185 shares of the industrial products company’s stock worth $1,493,000 after acquiring an additional 80,757 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus McKinnon in a report on Friday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Columbus McKinnon presently has a consensus rating of “Reduce” and an average target price of $35.00.

Columbus McKinnon Trading Up 2.1%

Columbus McKinnon stock opened at $15.75 on Friday. The firm’s 50-day moving average is $14.91 and its 200-day moving average is $15.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The company has a market cap of $452.50 million, a P/E ratio of -29.17 and a beta of 1.26.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share for the quarter. The firm had revenue of $166.55 million for the quarter. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. On average, equities analysts expect that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, November 7th will be given a $0.07 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.28 annualized dividend and a yield of 1.8%. Columbus McKinnon’s dividend payout ratio (DPR) is currently -51.85%.

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.