SG Americas Securities LLC Makes New Investment in Columbus McKinnon Co. (NASDAQ:CMCO)

SG Americas Securities LLC bought a new position in Columbus McKinnon Co. (NASDAQ:CMCO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,784 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other large investors have also added to or reduced their stakes in CMCO. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Columbus McKinnon during the 2nd quarter valued at about $35,540,000. Millennium Management LLC raised its holdings in shares of Columbus McKinnon by 120.3% during the 2nd quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock valued at $6,899,000 after buying an additional 109,075 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Columbus McKinnon during the 1st quarter valued at about $3,791,000. Renaissance Technologies LLC raised its holdings in shares of Columbus McKinnon by 250.3% during the 2nd quarter. Renaissance Technologies LLC now owns 107,885 shares of the industrial products company’s stock valued at $3,726,000 after buying an additional 77,085 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Columbus McKinnon by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 92,622 shares of the industrial products company’s stock valued at $3,199,000 after buying an additional 67,817 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Columbus McKinnon Price Performance

Shares of Columbus McKinnon stock opened at $33.69 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 1.20. The business’s 50 day simple moving average is $33.27 and its two-hundred day simple moving average is $36.85. The stock has a market capitalization of $972.26 million, a P/E ratio of 20.80 and a beta of 1.17. Columbus McKinnon Co. has a one year low of $29.26 and a one year high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $239.73 million for the quarter, compared to analyst estimates of $241.25 million. Columbus McKinnon had a return on equity of 9.50% and a net margin of 4.52%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. Analysts forecast that Columbus McKinnon Co. will post 3.02 EPS for the current year.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. Columbus McKinnon’s dividend payout ratio is currently 17.28%.

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.