Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,136 shares of the industrial products company’s stock after selling 2,551 shares during the period. Orion Portfolio Solutions LLC owned about 0.22% of Columbus McKinnon worth $2,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new position in Columbus McKinnon in the fourth quarter worth $26,416,000. Victory Capital Management Inc. grew its position in shares of Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock valued at $27,455,000 after buying an additional 398,826 shares during the last quarter. Raymond James Financial Inc. bought a new position in Columbus McKinnon in the fourth quarter worth about $14,799,000. Segall Bryant & Hamill LLC boosted its stake in Columbus McKinnon by 95.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company’s stock valued at $27,190,000 after acquiring an additional 356,232 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Columbus McKinnon by 72.2% during the fourth quarter. Fisher Asset Management LLC now owns 406,968 shares of the industrial products company’s stock valued at $15,155,000 after purchasing an additional 170,595 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Columbus McKinnon Price Performance

CMCO opened at $16.70 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 12-month low of $15.48 and a 12-month high of $45.84. The stock has a fifty day moving average of $23.28 and a 200-day moving average of $31.48. The firm has a market capitalization of $477.84 million, a P/E ratio of 50.61 and a beta of 1.31.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 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%. Equities analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.68%. Columbus McKinnon’s payout ratio is presently 84.85%.

Insider Buying and Selling

In related news, Director Chad R. Abraham bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $16.05 per share, for a total transaction of $321,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $321,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathryn V. Bohl purchased 2,819 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of $17.99 per share, for a total transaction of $50,713.81. Following the completion of the transaction, the director now directly owns 14,812 shares in the company, valued at approximately $266,467.88. The trade was a 23.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 27,819 shares of company stock valued at $473,064. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CMCO. StockNews.com lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. DA Davidson restated a “neutral” rating and issued a $35.00 target price on shares of Columbus McKinnon in a research report on Tuesday, February 18th.

About Columbus McKinnon

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.