Hantz Financial Services Inc. Acquires New Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Hantz Financial Services Inc. purchased a new position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,675 shares of the industrial products company's stock, valued at approximately $1,405,000. Hantz Financial Services Inc. owned approximately 0.14% of Columbus McKinnon as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in Columbus McKinnon during the second quarter valued at $41,000. TFO Wealth Partners LLC grew its position in shares of Columbus McKinnon by 13,440.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 1,344 shares in the last quarter. CWM LLC increased its holdings in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock worth $63,000 after purchasing an additional 1,584 shares during the last quarter. ProShare Advisors LLC bought a new position in Columbus McKinnon during the first quarter valued at approximately $226,000. Finally, Tidal Investments LLC purchased a new position in Columbus McKinnon during the 1st quarter valued at approximately $259,000. Institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

CMCO has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Columbus McKinnon in a research report on Tuesday, June 4th. They set an "overweight" rating and a $53.00 target price for the company. StockNews.com lowered shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd.

Columbus McKinnon Trading Up 1.5 %

Shares of NASDAQ:CMCO traded up $0.52 during trading on Friday, hitting $34.21. The company had a trading volume of 122,455 shares, compared to its average volume of 163,014. The stock has a market cap of $987.98 million, a price-to-earnings ratio of 21.12 and a beta of 1.21. 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 company has a fifty day simple moving average of $34.66 and a two-hundred day simple moving average of $39.12. Columbus McKinnon Co. has a one year low of $30.29 and a one year high of $45.84.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Columbus McKinnon had a return on equity of 9.50% and a net margin of 4.52%. The company had revenue of $239.73 million during the quarter, compared to the consensus estimate of $241.25 million. During the same period last year, the company earned $0.62 earnings per share. Columbus McKinnon's revenue was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that Columbus McKinnon Co. will post 3.02 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, August 9th. Columbus McKinnon's dividend payout ratio (DPR) is currently 17.28%.

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.