Asset Management One Co. Ltd. Increases Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Asset Management One Co. Ltd. increased its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 146.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,857 shares of the industrial products company's stock after buying an additional 45,073 shares during the period. Asset Management One Co. Ltd. owned about 0.26% of Columbus McKinnon worth $2,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Columbus McKinnon in the 4th quarter valued at about $26,416,000. Victory Capital Management Inc. boosted its position in shares of Columbus McKinnon by 1,006.0% in the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company's stock worth $12,183,000 after acquiring an additional 307,824 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Columbus McKinnon by 152.8% during the third quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company's stock worth $8,428,000 after buying an additional 141,502 shares in the last quarter. Bernzott Capital Advisors acquired a new position in Columbus McKinnon in the fourth quarter worth $3,766,000. Finally, Systematic Financial Management LP boosted its holdings in shares of Columbus McKinnon by 12.0% during the third quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company's stock valued at $28,162,000 after acquiring an additional 83,610 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCO shares. DA Davidson restated a "neutral" rating and set a $35.00 price objective on shares of Columbus McKinnon in a report on Tuesday. StockNews.com lowered shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th.

Columbus McKinnon Price Performance

CMCO traded down $1.05 on Friday, reaching $19.03. The stock had a trading volume of 445,898 shares, compared to its average volume of 493,570. The firm has a 50-day moving average of $33.91 and a 200-day moving average of $34.37. The company has a market capitalization of $544.48 million, a price-to-earnings ratio of 57.65 and a beta of 1.22. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a fifty-two week low of $18.94 and a fifty-two week high of $45.84.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 earnings per share 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%. As a group, sell-side analysts anticipate that Columbus McKinnon Co. will post 2.96 EPS for the current year.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 7th. Columbus McKinnon's dividend payout ratio (DPR) is currently 84.85%.

Insider Activity at Columbus McKinnon

In related news, Director Christopher J. Stephens purchased 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the purchase, the director now directly owns 11,014 shares in the company, valued at $223,253.78. This trade represents a 83.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.98% of the stock is owned by insiders.

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.