Columbus McKinnon Corporation (NASDAQ:CMCO) Stock Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 786,153 shares of the industrial products company's stock after acquiring an additional 56,028 shares during the period. Segall Bryant & Hamill LLC owned 2.75% of Columbus McKinnon worth $13,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Columbus McKinnon by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,612,096 shares of the industrial products company's stock valued at $60,034,000 after purchasing an additional 19,550 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Columbus McKinnon by 13.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,547,958 shares of the industrial products company's stock worth $57,646,000 after purchasing an additional 184,615 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Columbus McKinnon by 37.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company's stock valued at $16,513,000 after purchasing an additional 266,020 shares during the last quarter. Systematic Financial Management LP grew its holdings in Columbus McKinnon by 6.0% during the 4th quarter. Systematic Financial Management LP now owns 829,080 shares of the industrial products company's stock worth $30,875,000 after acquiring an additional 46,806 shares in the last quarter. Finally, Aristotle Capital Boston LLC boosted its holdings in shares of Columbus McKinnon by 19.3% in the fourth quarter. Aristotle Capital Boston LLC now owns 701,614 shares of the industrial products company's stock valued at $26,128,000 after acquiring an additional 113,685 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Price Performance

Shares of CMCO traded up $0.28 during mid-day trading on Thursday, hitting $15.66. The company's stock had a trading volume of 366,150 shares, compared to its average volume of 387,052. The company has a current ratio of 1.81, a quick ratio of 1.04 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $449.29 million, a P/E ratio of -92.12 and a beta of 1.28. The firm has a 50-day simple moving average of $15.91 and a 200 day simple moving average of $20.35. Columbus McKinnon Corporation has a 1-year low of $11.78 and a 1-year 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 negative net margin of 0.53% and a positive return on equity of 8.13%. The company had revenue of $248.00 million during the quarter, compared to analyst estimates of $250.05 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business's quarterly revenue was down 7.0% compared to the same quarter last year. Analysts predict that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal 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.