Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Columbus McKinnon Corporation (NASDAQ:CMCO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Columbus McKinnon Corporation, purchasing 48,029 shares valued at approximately $813,000.
• Columbus McKinnon Corporation recently reported earnings of $0.50 per share, exceeding expectations, and had a revenue of $235.92 million for the quarter.
• The company announced a quarterly dividend of $0.07 per share, with an annualized yield of 2.0%, despite a negative payout ratio of -164.71%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,029 shares of the industrial products company's stock, valued at approximately $813,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Columbus McKinnon as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Columbus McKinnon in the fourth quarter valued at about $14,799,000. Bernzott Capital Advisors increased its stake in shares of Columbus McKinnon by 315.0% in the first quarter. Bernzott Capital Advisors now owns 419,670 shares of the industrial products company's stock worth $7,105,000 after purchasing an additional 318,537 shares in the last quarter. Invesco Ltd. increased its stake 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 worth $16,952,000 after purchasing an additional 307,355 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Columbus McKinnon by 37.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company's stock worth $16,513,000 after purchasing an additional 266,020 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake 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 valued at $57,646,000 after acquiring an additional 184,615 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Columbus McKinnon Price Performance

Columbus McKinnon stock traded up $0.42 during midday trading on Tuesday, reaching $14.17. 121,389 shares of the stock were exchanged, compared to its average volume of 519,588. The company's fifty day moving average is $15.44 and its 200-day moving average is $18.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. The firm has a market cap of $407.10 million, a PE ratio of -26.25 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 posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. The business had revenue of $235.92 million for the quarter, compared to analyst estimates of $230.88 million. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. On average, sell-side analysts forecast that Columbus McKinnon Corporation will post 2.69 EPS for the current year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 8th. Columbus McKinnon's payout ratio is currently -51.85%.

About Columbus McKinnon

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.