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

Bernzott Capital Advisors boosted its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 315.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 419,670 shares of the industrial products company's stock after acquiring an additional 318,537 shares during the period. Columbus McKinnon accounts for 3.5% of Bernzott Capital Advisors' portfolio, making the stock its 9th largest holding. Bernzott Capital Advisors owned approximately 1.47% of Columbus McKinnon worth $7,105,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CMCO. Sterling Capital Management LLC raised its holdings in shares of Columbus McKinnon by 810.0% in the 4th 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 in the last quarter. Versant Capital Management Inc grew its position in shares of Columbus McKinnon by 3,784.1% in the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock worth $41,000 after buying an additional 2,384 shares during the last quarter. Signaturefd LLC grew its position in shares of Columbus McKinnon by 743.4% in the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock worth $41,000 after buying an additional 2,141 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Columbus McKinnon in the 1st quarter worth approximately $47,000. Finally, High Note Wealth LLC purchased a new position in shares of Columbus McKinnon in the 1st quarter worth approximately $48,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Stock Performance

NASDAQ:CMCO traded up $0.06 during trading hours on Monday, hitting $15.32. 66,807 shares of the company were exchanged, compared to its average volume of 518,188. The stock has a market capitalization of $439.53 million, a price-to-earnings ratio of -90.12 and a beta of 1.28. Columbus McKinnon Corporation has a 52-week low of $11.78 and a 52-week high of $41.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.04. The company's 50 day moving average price is $15.88 and its 200-day moving average price is $19.97.

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

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.