Trexquant Investment LP Purchases New Position in Columbus McKinnon Corporation $CMCO

Key Points

• Trexquant Investment LP has acquired 86,059 shares of Columbus McKinnon Corporation, valued at approximately $1,457,000, representing about 0.30% of the company's stock as disclosed in a recent SEC filing.
• In addition to Trexquant, several institutional investors have increased their stakes in Columbus McKinnon, with Invesco Ltd. reporting a massive 177.5% increase in its holdings during the first quarter.
• Columbus McKinnon's quarterly earnings showed a reported EPS of $0.50, exceeding analysts' expectations, as the company continues to experience a challenging financial landscape with a negative net margin of 1.63%.

Trexquant Investment LP bought a new position in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 86,059 shares of the industrial products company's stock, valued at approximately $1,457,000. Trexquant Investment LP owned about 0.30% of Columbus McKinnon at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CMCO. Hsbc Holdings PLC lifted its stake in shares of Columbus McKinnon by 946.0% in the 1st quarter. Hsbc Holdings PLC now owns 56,758 shares of the industrial products company's stock valued at $942,000 after purchasing an additional 51,332 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Columbus McKinnon by 37.5% during the first 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 buying an additional 266,020 shares during the period. Entropy Technologies LP purchased a new position in shares of Columbus McKinnon during the first quarter valued at approximately $654,000. Walleye Capital LLC purchased a new position in shares of Columbus McKinnon during the first quarter valued at approximately $3,167,000. Finally, Jump Financial LLC boosted its position in shares of Columbus McKinnon by 1,087.2% during the first quarter. Jump Financial LLC now owns 88,185 shares of the industrial products company's stock valued at $1,493,000 after buying an additional 80,757 shares during the period. 95.96% of the stock is owned by institutional investors.

Columbus McKinnon Trading Up 2.6%

Shares of NASDAQ:CMCO traded up $0.38 during trading hours on Thursday, hitting $14.89. 213,192 shares of the company's stock traded hands, compared to its average volume of 300,113. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The business has a fifty day moving average price of $15.06 and a 200-day moving average price of $15.60. The firm has a market capitalization of $427.79 million, a P/E ratio of -27.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.85 and a quick ratio of 1.01.

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

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were given 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 -51.85%.

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.