MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 33,302 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 626,643 shares of the industrial products company's stock after acquiring an additional 33,302 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.18% of Columbus McKinnon worth $23,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Graham Capital Management L.P. purchased a new position in shares of Columbus McKinnon in the 4th quarter valued at approximately $411,000. Deutsche Bank AG lifted its position in Columbus McKinnon by 52.7% during the fourth quarter. Deutsche Bank AG now owns 25,779 shares of the industrial products company's stock valued at $960,000 after buying an additional 8,900 shares during the period. Dean Capital Management boosted its holdings in shares of Columbus McKinnon by 235.0% during the 4th quarter. Dean Capital Management now owns 51,876 shares of the industrial products company's stock valued at $1,932,000 after buying an additional 36,390 shares in the last quarter. Bank of America Corp DE grew its position in shares of Columbus McKinnon by 1.2% in the 4th quarter. Bank of America Corp DE now owns 611,890 shares of the industrial products company's stock worth $22,787,000 after buying an additional 7,201 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Columbus McKinnon by 11.7% during the 4th quarter. Ameriprise Financial Inc. now owns 44,981 shares of the industrial products company's stock valued at $1,675,000 after acquiring an additional 4,728 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Down 0.1%

Shares of CMCO traded down $0.02 on Tuesday, hitting $17.86. 74,376 shares of the stock traded hands, compared to its average volume of 538,390. Columbus McKinnon Co. has a one year low of $11.78 and a one year high of $45.75. The business has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $26.77. 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 company has a market capitalization of $510.91 million, a PE ratio of 54.11 and a beta of 1.33.

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.57%. Columbus McKinnon's dividend payout ratio (DPR) is 84.85%.

Analyst Upgrades and Downgrades

CMCO has been the topic of a number of analyst reports. StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. DA Davidson reissued a "neutral" rating and issued a $35.00 target price on shares of Columbus McKinnon in a research note on Tuesday, February 18th.

Insider Buying and Selling

In related news, Director Chad R. Abraham acquired 20,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $16.05 per share, with a total value of $321,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $321,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathryn V. Bohl bought 2,819 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of $17.99 per share, for a total transaction of $50,713.81. Following the purchase, the director now owns 14,812 shares in the company, valued at $266,467.88. This represents a 23.51% increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by corporate insiders.

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.