Asset Management One Co. Ltd. Acquires 45,073 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Asset Management One Co. Ltd. raised its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 146.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,857 shares of the industrial products company’s stock after acquiring an additional 45,073 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.26% of Columbus McKinnon worth $2,840,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMCO. Creative Planning bought a new position in shares of Columbus McKinnon during the 3rd quarter worth approximately $369,000. Raymond James & Associates boosted its holdings in shares of Columbus McKinnon by 14.4% in the 3rd quarter. Raymond James & Associates now owns 73,087 shares of the industrial products company’s stock valued at $2,631,000 after buying an additional 9,179 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Columbus McKinnon by 81.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 173,245 shares of the industrial products company’s stock valued at $6,237,000 after buying an additional 77,721 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Columbus McKinnon in the 3rd quarter valued at approximately $823,000. Finally, US Bancorp DE boosted its holdings in shares of Columbus McKinnon by 33.1% in the 3rd quarter. US Bancorp DE now owns 22,374 shares of the industrial products company’s stock valued at $805,000 after buying an additional 5,568 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Columbus McKinnon

In other news, Director Christopher J. Stephens bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $20.27 per share, with a total value of $101,350.00. Following the completion of the acquisition, the director now owns 11,014 shares of the company’s stock, valued at $223,253.78. This represents a 83.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Trading Up 1.2 %

Shares of Columbus McKinnon stock opened at $20.72 on Thursday. The business has a fifty day simple moving average of $34.29 and a two-hundred day simple moving average of $34.47. Columbus McKinnon Co. has a 1 year low of $19.55 and a 1 year high of $45.84. The company has a market capitalization of $592.86 million, a price-to-earnings ratio of 62.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. Research analysts forecast that Columbus McKinnon Co. will post 2.96 EPS for the current year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, February 7th. Columbus McKinnon’s dividend payout ratio is 84.85%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson reissued a “neutral” rating and issued a $35.00 price objective on shares of Columbus McKinnon in a report on Tuesday.

Columbus McKinnon Company 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.