Quantbot Technologies LP Boosts Position in Columbus McKinnon Corporation $CMCO

Key Points

• Quantbot Technologies LP significantly increased its stake in Columbus McKinnon Corporation by 2,466.5%, owning 69,707 shares valued at approximately $1.18 million.
• Columbus McKinnon reported a quarterly earnings per share of $0.50, surpassing analysts' expectations, with revenue of $235.92 million compared to a forecast of $230.88 million.
• The company recently declared a quarterly dividend of $0.07 per share, leading to an annualized dividend yield of 1.8%.

Quantbot Technologies LP boosted its stake in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 2,466.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 69,707 shares of the industrial products company's stock after acquiring an additional 66,991 shares during the quarter. Quantbot Technologies LP owned 0.24% of Columbus McKinnon worth $1,180,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CMCO. Bridge City Capital LLC lifted its holdings in Columbus McKinnon by 0.9% in the 1st 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 in the last quarter. Meros Investment Management LP lifted its holdings in Columbus McKinnon by 0.3% in the 4th 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 in the last quarter. MetLife Investment Management LLC lifted its holdings in Columbus McKinnon by 7.0% in the 4th 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 in the last quarter. CWM LLC lifted its holdings in Columbus McKinnon by 79.2% in the 1st 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Columbus McKinnon by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,433 shares of the industrial products company's stock valued at $836,000 after purchasing an additional 1,737 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Price Performance

CMCO stock traded down $0.31 during midday trading on Friday, reaching $14.91. The stock had a trading volume of 27,981 shares, compared to its average volume of 492,060. The company's fifty day simple moving average is $15.16 and its 200 day simple moving average is $15.97. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. The company has a market cap of $428.36 million, a price-to-earnings ratio of -27.61 and a beta of 1.29. Columbus McKinnon Corporation has a 52-week low of $11.78 and a 52-week high of $41.05.

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

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 8th. Columbus McKinnon's payout ratio is currently -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.