25,292 Shares in Columbus McKinnon Co. (NASDAQ:CMCO) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) during the 4th quarter, according to the company in 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 approximately 0.09% of Columbus McKinnon at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its holdings in Columbus McKinnon by 13,440.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 1,344 shares in the last quarter. SG Americas Securities LLC acquired a new position in Columbus McKinnon in the fourth quarter worth approximately $215,000. Carmel Capital Partners LLC grew its position in Columbus McKinnon by 692.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock worth $238,000 after buying an additional 5,326 shares during the last quarter. Bailard Inc. acquired a new position in Columbus McKinnon in the fourth quarter worth approximately $258,000. Finally, Virtu Financial LLC acquired a new position in Columbus McKinnon in the fourth quarter worth approximately $264,000. Institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CMCO shares. StockNews.com lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. started coverage on shares of Columbus McKinnon in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $53.00 price target on the stock.

Insiders Place Their Bets

In other news, Director Christopher J. Stephens acquired 1,500 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $38.71 per share, for a total transaction of $58,065.00. Following the transaction, the director now owns 1,500 shares in the company, valued at approximately $58,065. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.98% of the company’s stock.

Columbus McKinnon Trading Up 1.3 %

NASDAQ CMCO opened at $35.22 on Friday. Columbus McKinnon Co. has a twelve month low of $30.29 and a twelve month 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 stock has a market cap of $1.02 billion, a price-to-earnings ratio of 21.74 and a beta of 1.26. The firm’s 50 day moving average price is $40.88 and its two-hundred day moving average price is $40.40.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Wednesday, May 29th. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.09). Columbus McKinnon had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $264.85 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that Columbus McKinnon Co. will post 3.18 EPS for the current year.

Columbus McKinnon Profile

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.