25,292 Shares in Columbus McKinnon Co. (NASDAQ:CMCO) Bought by Quadrature Capital Ltd
Quadrature Capital Ltd bought a new stake in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,292 shares of the industrial products company's stock, valued at a Quadrature Capital Ltd bought a new stake in Columbus McKinnon Co. (NASDAQ:CMCO) in the fourth quarter, purchasing 25,292 shares worth $987,000. The fund owned 0.09% of the industrial products company at the end of the year. Other large investors have also recently modified their holdings in the company. Assenagon Asset Management S.A. lifted its stake in the firm by 56.5% in the last quarter. Envestnet Asset Management Inc. boosted its stake by 45.4% in 3rd quarter. Franklin Resources Inc. raised its stake to 1.1% in 4th quarter and now owns 2,445,843 shares of the company's stock valued at $95,437,000 after purchasing an additional 27,039 shares during the period. The company recently disclosed a quarterly dividend, which was paid out on Monday, May 13th.
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Quadrature Capital Ltd bought a new stake in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,292 shares of the industrial products company's stock, valued at approximately $987,000. Quadrature Capital Ltd owned 0.09% of Columbus McKinnon at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its stake in Columbus McKinnon by 56.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 133,751 shares of the industrial products company's stock valued at $5,219,000 after buying an additional 48,275 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Columbus McKinnon by 45.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 144,463 shares of the industrial products company's stock worth $5,043,000 after purchasing an additional 45,075 shares during the period. Meros Investment Management LP increased its holdings in Columbus McKinnon by 16.2% during the 3rd quarter. Meros Investment Management LP now owns 206,308 shares of the industrial products company's stock worth $7,202,000 after purchasing an additional 28,719 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Columbus McKinnon by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 2,445,843 shares of the industrial products company's stock valued at $95,437,000 after purchasing an additional 27,039 shares during the period. Finally, Foundry Partners LLC boosted its position in shares of Columbus McKinnon by 16.7% during the third quarter. Foundry Partners LLC now owns 122,080 shares of the industrial products company's stock worth $4,262,000 after buying an additional 17,480 shares during the period. 95.96% of the stock is currently owned by institutional investors.
In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,500 shares of Columbus McKinnon stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average price of $38.71 per share, for a total transaction of $58,065.00. Following the completion of the acquisition, the director now owns 1,500 shares of the company's stock, valued at approximately $58,065. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the company. StockNews.com cut Columbus McKinnon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. assumed coverage on shares of Columbus McKinnon in a research report on Tuesday, June 4th. They issued an "overweight" rating and a $53.00 price objective on the stock.
CMCO opened at $36.44 on Wednesday. The business's 50-day simple moving average is $41.97 and its 200 day simple moving average is $40.46. Columbus McKinnon Co. has a 52-week low of $30.29 and a 52-week high of $45.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.25 and a current ratio of 1.96. The firm has a market capitalization of $1.05 billion, a PE ratio of 22.47 and a beta of 1.26.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The industrial products company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.09). The company had revenue of $265.50 million during the quarter, compared to analyst estimates of $264.85 million. Columbus McKinnon had a net margin of 4.60% and a return on equity of 9.59%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. As a group, sell-side analysts expect that Columbus McKinnon Co. will post 3.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. Columbus McKinnon's dividend payout ratio is presently 17.28%.
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.
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