D. E. Shaw & Co. Inc. Has $439,000 Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

D. E. Shaw & Co. Inc. trimmed its stake in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 85.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,801 shares of the industrial products company's stock after selling 69,975 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Columbus McKinnon were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CMCO. Sterling Capital Management LLC increased its holdings in Columbus McKinnon by 810.0% in the fourth quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock worth $34,000 after buying an additional 810 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Columbus McKinnon in the fourth quarter worth $242,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Columbus McKinnon in the fourth quarter worth $250,000. MGO One Seven LLC acquired a new stake in shares of Columbus McKinnon in the fourth quarter worth $256,000. Finally, PNC Financial Services Group Inc. grew its stake 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 worth $265,000 after acquiring an additional 806 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Price Performance

Shares of NASDAQ:CMCO traded down $0.62 on Friday, hitting $14.65. The stock had a trading volume of 1,567,917 shares, compared to its average volume of 362,135. Columbus McKinnon Co. has a twelve month low of $11.78 and a twelve month high of $41.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. The firm's 50 day moving average price is $15.42 and its 200-day moving average price is $25.62. 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 (NASDAQ:CMCO - Get Free Report) last issued its earnings results on Wednesday, May 28th. The industrial products company reported $0.60 EPS for the quarter, beating 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 company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $250.05 million. During the same quarter in the previous year, the company earned $0.75 EPS. The firm's revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, May 2nd. This represents a $0.28 annualized dividend and a yield of 1.91%. Columbus McKinnon's dividend payout ratio (DPR) is 84.85%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Chad R. Abraham acquired 20,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $16.05 per share, with a total value of $321,000.00. Following the acquisition, the director now owns 20,000 shares of the company's stock, valued at $321,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn V. Bohl acquired 2,819 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $17.99 per share, with a total value of $50,713.81. Following the completion of the acquisition, the director now directly owns 14,812 shares in the company, valued at approximately $266,467.88. The trade was a 23.51% increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by corporate insiders.

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.