Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,519 shares of the industrial products company's stock after selling 38,318 shares during the period. Voloridge Investment Management LLC owned 0.46% of Columbus McKinnon worth $4,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CMCO. Squarepoint Ops LLC grew its position in Columbus McKinnon by 55.2% during the fourth quarter. Squarepoint Ops LLC now owns 64,823 shares of the industrial products company's stock valued at $2,414,000 after buying an additional 23,053 shares during the period. Systematic Financial Management LP grew its position in Columbus McKinnon by 6.0% during the fourth quarter. Systematic Financial Management LP now owns 829,080 shares of the industrial products company's stock valued at $30,875,000 after buying an additional 46,806 shares during the period. ProShare Advisors LLC acquired a new stake in Columbus McKinnon during the fourth quarter valued at $298,000. Meros Investment Management LP grew its position in Columbus McKinnon by 0.3% during the fourth quarter. Meros Investment Management LP now owns 277,468 shares of the industrial products company's stock valued at $10,333,000 after buying an additional 962 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Columbus McKinnon by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 626,643 shares of the industrial products company's stock valued at $23,336,000 after buying an additional 33,302 shares during the period. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Price Performance

CMCO traded down $0.62 during midday trading on Friday, hitting $14.65. 1,567,917 shares of the company traded hands, compared to its average volume of 362,135. The business has a 50 day simple moving average of $15.42 and a two-hundred day simple moving average of $25.62. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $419.18 million, a price-to-earnings ratio of 44.39 and a beta of 1.33. Columbus McKinnon Co. has a 52-week low of $11.78 and a 52-week high of $41.05.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. The firm had revenue of $248.00 million during the quarter, compared to analysts' expectations of $250.05 million. During the same period last year, the business earned $0.75 earnings per share. Columbus McKinnon's revenue was down 7.0% compared to the same quarter last year. On average, equities analysts forecast that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, May 2nd. Columbus McKinnon's payout ratio is currently 84.85%.

Insider Buying and Selling at Columbus McKinnon

In other Columbus McKinnon news, Director Chad R. Abraham acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $16.05 per share, for a total transaction of $321,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $321,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathryn V. Bohl purchased 2,819 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of $17.99 per share, with a total value of $50,713.81. Following the purchase, the director now directly 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 disclosure for this purchase can be found here. Company insiders own 1.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CMCO shares. DA Davidson restated a "neutral" rating and set a $35.00 price target on shares of Columbus McKinnon in a research report on Tuesday, February 18th. Wall Street Zen downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

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.