Heartland Advisors Inc. Takes $3.72 Million Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Heartland Advisors Inc. bought a new stake in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the industrial products company's stock, valued at approximately $3,724,000. Heartland Advisors Inc. owned approximately 0.35% of Columbus McKinnon as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CMCO. Vanguard Group Inc. raised its holdings in Columbus McKinnon by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,612,096 shares of the industrial products company's stock valued at $60,034,000 after acquiring an additional 19,550 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Columbus McKinnon by 8.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,003,751 shares of the industrial products company's stock worth $36,135,000 after purchasing an additional 74,831 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Columbus McKinnon by 12.0% in the 3rd quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company's stock valued at $28,162,000 after purchasing an additional 83,610 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Columbus McKinnon by 117.8% during the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock worth $27,455,000 after purchasing an additional 398,826 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew 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 worth $27,190,000 after purchasing an additional 356,232 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

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Columbus McKinnon Stock Performance

NASDAQ:CMCO traded up $0.44 during midday trading on Wednesday, reaching $17.14. 119,459 shares of the company traded hands, compared to its average volume of 297,042. Columbus McKinnon Co. has a twelve month low of $15.48 and a twelve month high of $45.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The company has a fifty day moving average price of $23.28 and a 200 day moving average price of $31.48. The firm has a market capitalization of $490.43 million, a price-to-earnings ratio of 51.94 and a beta of 1.31.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released 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 return on equity of 8.64% and a net margin of 0.95%. On average, analysts expect that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.63%. Columbus McKinnon's dividend payout ratio (DPR) is presently 84.85%.

Analyst Upgrades and Downgrades

CMCO has been the topic of several research reports. DA Davidson restated a "neutral" rating and set a $35.00 price objective on shares of Columbus McKinnon in a research note on Tuesday, February 18th. StockNews.com lowered Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, Director Chad R. Abraham purchased 20,000 shares of Columbus McKinnon stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $16.05 per share, for a total transaction of $321,000.00. Following the transaction, the director now owns 20,000 shares of the company's stock, valued at $321,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher J. Stephens purchased 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $20.27 per share, for a total transaction of $101,350.00. Following the completion of the acquisition, the director now directly owns 11,014 shares of the company's stock, valued at approximately $223,253.78. This trade represents a 83.14 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 27,819 shares of company stock worth $473,064. Company insiders own 1.98% of the company's stock.

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.