23,078 Shares in Columbus McKinnon Corporation $CMCO Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. has acquired a new position in Columbus McKinnon Corporation, purchasing 23,078 shares valued at approximately $391,000.
• Columbus McKinnon reported $0.50 earnings per share for the last quarter, surpassing the consensus estimate by 3 cents.
• The company announced a quarterly dividend of $0.07 per share, representing an annualized yield of 1.9%, with a negative dividend payout ratio of -51.85%.

American Century Companies Inc. purchased a new stake in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,078 shares of the industrial products company's stock, valued at approximately $391,000. American Century Companies Inc. owned approximately 0.08% of Columbus McKinnon as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CMCO. Versant Capital Management Inc raised its holdings in shares of Columbus McKinnon by 3,784.1% in the first quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 2,384 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Columbus McKinnon by 743.4% in the first quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 2,141 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Columbus McKinnon in the first quarter valued at approximately $47,000. High Note Wealth LLC acquired a new stake in shares of Columbus McKinnon in the first quarter valued at approximately $48,000. Finally, CWM LLC raised its holdings in shares of Columbus McKinnon by 79.2% in the first quarter. CWM LLC now owns 3,422 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 1,512 shares during the last quarter. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Up 2.6%

Shares of NASDAQ CMCO traded up $0.38 during midday trading on Thursday, reaching $14.89. The company's stock had a trading volume of 213,192 shares, compared to its average volume of 300,113. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The stock has a market capitalization of $427.79 million, a price-to-earnings ratio of -27.57 and a beta of 1.28. The stock has a 50 day simple moving average of $15.06 and a 200-day simple moving average of $15.60.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The company had revenue of $235.92 million for the quarter, compared to the consensus estimate of $230.88 million. Equities research analysts predict that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were issued a $0.07 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. Columbus McKinnon's dividend payout ratio (DPR) is -51.85%.

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.