Columbus McKinnon Corporation (NASDAQ:CMCO) is Bernzott Capital Advisors' 9th Largest Position

Bernzott Capital Advisors raised its position in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 315.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419,670 shares of the industrial products company's stock after buying an additional 318,537 shares during the period. Columbus McKinnon comprises 3.5% of Bernzott Capital Advisors' investment portfolio, making the stock its 9th biggest position. Bernzott Capital Advisors owned approximately 1.47% of Columbus McKinnon worth $7,105,000 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. PNC Financial Services Group Inc. grew its position in shares of Columbus McKinnon by 12.7% in the fourth 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. Sterling Capital Management LLC grew its position in shares of Columbus McKinnon by 810.0% in the fourth quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 810 shares during the period. Bridge City Capital LLC grew its position in shares of Columbus McKinnon by 0.9% in the first quarter. Bridge City Capital LLC now owns 97,082 shares of the industrial products company's stock valued at $1,644,000 after purchasing an additional 864 shares during the period. Meros Investment Management LP grew its position in shares of Columbus McKinnon by 0.3% in 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 purchasing an additional 962 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Columbus McKinnon by 7.0% in the fourth quarter. MetLife Investment Management LLC now owns 17,247 shares of the industrial products company's stock valued at $642,000 after purchasing an additional 1,127 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Columbus McKinnon Price Performance

CMCO traded down $0.19 on Friday, reaching $15.47. 29,605 shares of the company's stock were exchanged, compared to its average volume of 385,635. The stock has a market cap of $443.83 million, a PE ratio of -91.29 and a beta of 1.28. Columbus McKinnon Corporation has a twelve month low of $11.78 and a twelve month high of $41.05. The stock's fifty day moving average price is $15.91 and its 200-day moving average price is $20.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.04.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $250.05 million. Columbus McKinnon had a negative net margin of 0.53% and a positive return on equity of 8.13%. Columbus McKinnon's quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. Sell-side analysts expect that Columbus McKinnon Corporation will post 2.69 EPS for the current year.

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.

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