Lazard Asset Management LLC Has $7.21 Million Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Lazard Asset Management LLC decreased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,669 shares of the industrial products company's stock after selling 26,006 shares during the period. Lazard Asset Management LLC owned 0.68% of Columbus McKinnon worth $7,212,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in Columbus McKinnon during the 4th quarter valued at approximately $26,416,000. Asset Management One Co. Ltd. boosted its position in shares of Columbus McKinnon by 146.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company's stock valued at $2,840,000 after acquiring an additional 45,073 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Columbus McKinnon in the fourth quarter valued at approximately $14,799,000. Heartland Advisors Inc. bought a new position in Columbus McKinnon during the fourth quarter worth $3,724,000. Finally, Victory Capital Management Inc. raised its stake in 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 valued at $27,455,000 after purchasing an additional 398,826 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCO shares. StockNews.com lowered shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. DA Davidson restated a "neutral" rating and issued a $35.00 price objective on shares of Columbus McKinnon in a research note on Tuesday, February 18th.

Insider Buying and Selling at Columbus McKinnon

In related news, Director Chad R. Abraham acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $16.05 per share, for a total transaction of $321,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at $321,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kathryn V. Bohl bought 2,819 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the purchase, the director now directly owns 14,812 shares of the company's stock, valued at approximately $266,467.88. This trade represents a 23.51% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.98% of the company's stock.

Columbus McKinnon Trading Down 0.1%

Shares of CMCO stock traded down $0.02 on Tuesday, reaching $17.86. 74,376 shares of the stock were exchanged, compared to its average volume of 538,390. The stock has a 50 day moving average price of $15.79 and a 200 day moving average price of $26.77. The stock has a market cap of $510.91 million, a PE ratio of 54.11 and a beta of 1.33. Columbus McKinnon Co. has a one year low of $11.78 and a one year high of $45.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.28 annualized dividend and a yield of 1.57%. Columbus McKinnon's dividend payout ratio is currently 84.85%.

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.