Squarepoint Ops LLC Purchases 23,053 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Squarepoint Ops LLC lifted its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 55.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,823 shares of the industrial products company's stock after purchasing an additional 23,053 shares during the quarter. Squarepoint Ops LLC owned about 0.23% of Columbus McKinnon worth $2,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCO. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Columbus McKinnon during the fourth quarter worth about $26,416,000. Victory Capital Management Inc. boosted its stake in shares of Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock worth $27,455,000 after acquiring an additional 398,826 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Columbus McKinnon during the 4th quarter worth $14,799,000. Segall Bryant & Hamill LLC increased its stake in shares of Columbus McKinnon by 95.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock worth $27,190,000 after purchasing an additional 356,232 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Columbus McKinnon by 207.9% in the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company's stock valued at $16,952,000 after acquiring an additional 307,355 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Insider Activity at Columbus McKinnon

In other Columbus McKinnon news, Director Kathryn V. Bohl acquired 2,819 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the transaction, the director now owns 14,812 shares of the company's stock, valued at $266,467.88. The trade was a 23.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chad R. Abraham purchased 20,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $16.05 per share, for a total transaction of $321,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $321,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company's stock.

Columbus McKinnon Stock Performance

Shares of NASDAQ CMCO traded down $0.62 during trading on Friday, reaching $14.65. The stock had a trading volume of 1,567,917 shares, compared to its average volume of 362,135. 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 stock has a market cap of $419.46 million, a PE ratio of 44.39 and a beta of 1.33. Columbus McKinnon Co. has a one year low of $11.78 and a one year high of $41.05. The firm's 50 day moving average price is $15.42 and its two-hundred day moving average price is $25.54.

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 analysts' consensus estimates of $0.58 by $0.02. The business had revenue of $248.00 million for the quarter, compared to analysts' expectations of $250.05 million. Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. The business's quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, research analysts forecast that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were given a $0.07 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.91%. Columbus McKinnon's dividend payout ratio is presently -164.71%.

Analyst Upgrades and Downgrades

CMCO has been the subject of several analyst reports. DA Davidson reiterated a "neutral" rating and issued a $35.00 price target on shares of Columbus McKinnon in a report on Tuesday, February 18th. Wall Street Zen lowered shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

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.