Squarepoint Ops LLC Purchases 45,196 Shares of Columbus McKinnon Corporation $CMCO

Squarepoint Ops LLC raised its position in Columbus McKinnon Corporation (NASDAQ:CMCO) by 153.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,741 shares of the industrial products company’s stock after buying an additional 45,196 shares during the period. Squarepoint Ops LLC owned 0.26% of Columbus McKinnon worth $1,141,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Moody National Bank Trust Division raised its stake in shares of Columbus McKinnon by 3.0% in the second quarter. Moody National Bank Trust Division now owns 23,885 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 703 shares during the last quarter. Bridge City Capital LLC raised its position in Columbus McKinnon by 0.8% in the 2nd quarter. Bridge City Capital LLC now owns 97,866 shares of the industrial products company’s stock valued at $1,494,000 after purchasing an additional 784 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Columbus McKinnon by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 852 shares during the last quarter. Signaturefd LLC boosted its stake in Columbus McKinnon by 58.4% in the second quarter. Signaturefd LLC now owns 3,847 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Columbus McKinnon by 10.2% during the second quarter. Nisa Investment Advisors LLC now owns 16,580 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 1,529 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. CJS Securities raised Columbus McKinnon to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus McKinnon in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Columbus McKinnon Stock Performance

CMCO stock opened at $17.29 on Friday. Columbus McKinnon Corporation has a twelve month low of $11.78 and a twelve month high of $38.31. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 0.45. The company has a market cap of $496.74 million, a P/E ratio of 123.51 and a beta of 1.30. The business’s fifty day moving average is $16.00 and its 200-day moving average is $15.40.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Tuesday, February 8th. The industrial products company reported $0.36 EPS for the quarter. Columbus McKinnon had a return on equity of 7.33% and a net margin of 0.41%.The business had revenue of $166.55 million during the quarter. Equities research analysts forecast that Columbus McKinnon Corporation will post 2.69 EPS for the current year.

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 7th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Columbus McKinnon’s dividend payout ratio is 200.00%.

Columbus McKinnon Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.