Campbell & CO Investment Adviser LLC Invests $524,000 in Columbus McKinnon Co. (NASDAQ:CMCO)
Campbell & CO Investment Adviser LLC bought a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,434 shares of the industrial products company’s stock, valued at approximately $524,000. Several other large investors […] Campbell & CO Investment Adviser LLC has bought a $524,000 stake in Columbus McKinnon Co. (NASDAQ:CMCO) in the 4th quarter. The fund bought 13,434 shares of the industrial products company’s stock, valued at approximately $523,000. Other large investors have also made changes to their positions in the company. Barclays PLC grew its holdings in Columbus McCinnon by 4.9% in the third quarter, and Ziegler Capital Management LLC increased its stake in the firm by 7.5%. Meanwhile, Teacher Retirement System of Texas raised its position in the industrial product company by 6.2% during the fourth quarter. Shares of CMCO opened at $36.41 on Monday. The company also disclosed a quarterly dividend of $0.07 per share.
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Campbell & CO Investment Adviser LLC bought a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,434 shares of the industrial products company’s stock, valued at approximately $524,000.
Several other large investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Columbus McKinnon by 4.9% in the third quarter. Barclays PLC now owns 15,669 shares of the industrial products company’s stock valued at $548,000 after purchasing an additional 736 shares during the period. Swiss National Bank lifted its position in shares of Columbus McKinnon by 1.4% during the 3rd quarter. Swiss National Bank now owns 63,211 shares of the industrial products company’s stock valued at $2,207,000 after buying an additional 900 shares in the last quarter. Ziegler Capital Management LLC grew its stake in Columbus McKinnon by 7.5% in the 4th quarter. Ziegler Capital Management LLC now owns 18,370 shares of the industrial products company’s stock valued at $717,000 after acquiring an additional 1,288 shares during the period. TFO Wealth Partners LLC increased its holdings in Columbus McKinnon by 13,440.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 1,344 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Columbus McKinnon by 6.2% during the fourth quarter. Teacher Retirement System of Texas now owns 24,251 shares of the industrial products company’s stock worth $946,000 after acquiring an additional 1,417 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on CMCO. StockNews.com lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. began coverage on Columbus McKinnon in a report on Tuesday, June 4th. They issued an “overweight” rating and a $53.00 price objective on the stock.
Shares of CMCO opened at $36.41 on Monday. Columbus McKinnon Co. has a 52-week low of $30.29 and a 52-week high of $45.84. The stock has a market cap of $1.05 billion, a PE ratio of 22.48 and a beta of 1.26. The firm’s fifty day moving average is $42.10 and its two-hundred day moving average is $40.40. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 0.54.
Columbus McKinnon (NASDAQ:CMCO – Get Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.09). The business had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $264.85 million. Columbus McKinnon had a net margin of 4.60% and a return on equity of 9.59%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. Research analysts forecast that Columbus McKinnon Co. will post 3.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 2nd. Columbus McKinnon’s dividend payout ratio (DPR) is currently 17.28%.
In related news, Director Christopher J. Stephens bought 1,500 shares of the business’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $38.71 per share, with a total value of $58,065.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $58,065. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.47% of the stock is currently owned by corporate insiders.
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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