Access Investment Management LLC Buys 45,920 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Access Investment Management LLC lifted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 112.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 86,900 shares of the industrial products company’s stock after acquiring an additional 45,920 shares during the period. Access Investment Management LLC’s holdings in Columbus McKinnon were worth $3,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Asset Management One Co. Ltd. raised its holdings in shares of Columbus McKinnon by 146.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company’s stock worth $2,840,000 after buying an additional 45,073 shares in the last quarter. Legato Capital Management LLC raised its holdings in shares of Columbus McKinnon by 68.0% during the 4th quarter. Legato Capital Management LLC now owns 54,294 shares of the industrial products company’s stock worth $2,022,000 after buying an additional 21,979 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Columbus McKinnon during the 4th quarter worth $26,416,000. Cascade Investment Advisors Inc. raised its holdings in shares of Columbus McKinnon by 1.8% during the 4th quarter. Cascade Investment Advisors Inc. now owns 33,110 shares of the industrial products company’s stock worth $1,233,000 after buying an additional 590 shares in the last quarter. Finally, Bernzott Capital Advisors acquired a new position in Columbus McKinnon in the 4th quarter worth about $3,766,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Activity

In other Columbus McKinnon news, Director Christopher J. Stephens bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the transaction, the director now directly owns 11,014 shares in the company, valued at approximately $223,253.78. This trade represents a 83.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

Shares of CMCO opened at $18.90 on Friday. The stock has a market cap of $540.73 million, a PE ratio of 57.27 and a beta of 1.22. The business has a 50-day simple moving average of $33.51 and a two-hundred day simple moving average of $34.27. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 12-month low of $18.86 and a 12-month high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. Analysts anticipate that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.48%. Columbus McKinnon’s payout ratio is 84.85%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CMCO shares. StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Columbus McKinnon in a report on Tuesday, February 18th.

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.