Columbus McKinnon Corporation (NASDAQ:CMCO) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786,153 shares of the industrial products company's stock after buying an additional 56,028 shares during the period. Segall Bryant & Hamill LLC owned approximately 2.75% of Columbus McKinnon worth $13,310,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of Columbus McKinnon by 12.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company's stock valued at $265,000 after buying an additional 806 shares during the last quarter. Sterling Capital Management LLC increased its stake 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 valued at $34,000 after purchasing an additional 810 shares during the period. Bridge City Capital LLC increased its stake in 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 increased its stake in 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 increased its stake in 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. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Stock Performance

Shares of Columbus McKinnon stock traded down $0.40 on Friday, reaching $15.26. 214,986 shares of the stock were exchanged, compared to its average volume of 388,051. Columbus McKinnon Corporation has a 1-year low of $11.78 and a 1-year high of $41.05. 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 business has a fifty day moving average price of $15.88 and a two-hundred day moving average price of $19.97. The firm has a market capitalization of $437.81 million, a PE ratio of -89.76 and a beta of 1.28.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.60 EPS 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 the consensus estimate of $250.05 million. Columbus McKinnon had a negative net margin of 0.53% and a positive return on equity of 8.13%. The firm's revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, research analysts anticipate that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal 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.