Columbus McKinnon Co. (NASDAQ:CMCO) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 736.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,397 shares of the industrial products company's stock after purchasing an additional 143,871 shares during the period. Natixis Advisors LLC owned 0.57% of Columbus McKinnon worth $6,085,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new position in Columbus McKinnon in the third quarter worth about $155,000. Park Avenue Securities LLC bought a new stake in shares of Columbus McKinnon in the 4th quarter worth approximately $239,000. PNC Financial Services Group Inc. boosted its position in Columbus McKinnon by 12.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company's stock valued at $265,000 after purchasing an additional 806 shares during the period. Intech Investment Management LLC bought a new position in Columbus McKinnon during the 3rd quarter worth $264,000. Finally, Paloma Partners Management Co acquired a new stake in Columbus McKinnon in the third quarter worth $323,000. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Stock Performance

Columbus McKinnon stock traded down $0.45 during mid-day trading on Wednesday, hitting $18.13. 361,624 shares of the company's stock traded hands, compared to its average volume of 282,995. Columbus McKinnon Co. has a one year low of $15.48 and a one year high of $45.84. The company has a market cap of $518.75 million, a PE ratio of 54.94 and a beta of 1.31. The firm has a 50 day moving average price of $25.19 and a 200 day moving average price of $31.94. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50.

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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 return on equity of 8.64% and a net margin of 0.95%. On average, equities analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Friday, May 2nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.28 annualized dividend and a yield of 1.54%. Columbus McKinnon's payout ratio is 84.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCO. StockNews.com downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. DA Davidson reissued a "neutral" rating and set a $35.00 target price on shares of Columbus McKinnon in a research note on Tuesday, February 18th.

Insiders Place Their Bets

In other Columbus McKinnon news, Director Kathryn V. Bohl purchased 2,819 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of $17.99 per share, with a total value of $50,713.81. Following the acquisition, the director now owns 14,812 shares of the company's stock, valued at $266,467.88. The trade was a 23.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Chad R. Abraham acquired 20,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired 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 approximately $321,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 27,819 shares of company stock worth $473,064 over the last ninety days. 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.