Natixis Advisors LLC Raises Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Natixis Advisors LLC increased its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 736.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,397 shares of the industrial products company’s stock after purchasing an additional 143,871 shares during the period. Natixis Advisors LLC owned approximately 0.57% of Columbus McKinnon worth $6,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CMCO. Quest Partners LLC raised its holdings in shares of Columbus McKinnon by 21.4% during the third quarter. Quest Partners LLC now owns 22,611 shares of the industrial products company’s stock worth $814,000 after purchasing an additional 3,980 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Columbus McKinnon during the third quarter valued at $264,000. Charles Schwab Investment Management Inc. grew its position in Columbus McKinnon by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock valued at $14,067,000 after buying an additional 18,802 shares during the period. Cerity Partners LLC grew its position in Columbus McKinnon by 15.4% during the third quarter. Cerity Partners LLC now owns 46,036 shares of the industrial products company’s stock valued at $1,657,000 after buying an additional 6,153 shares during the period. Finally, Fisher Asset Management LLC grew its position in Columbus McKinnon by 14.9% during the third quarter. Fisher Asset Management LLC now owns 236,373 shares of the industrial products company’s stock valued at $8,509,000 after buying an additional 30,667 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Stock Down 1.4 %

Shares of NASDAQ CMCO opened at $18.46 on Friday. The company’s 50-day simple moving average is $25.85 and its 200-day simple moving average is $32.12. Columbus McKinnon Co. has a 52-week low of $15.48 and a 52-week high of $45.84. The firm has a market cap of $528.20 million, a price-to-earnings ratio of 55.94 and a beta of 1.31. 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 (NASDAQ:CMCO) last announced its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) 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%. Equities analysts predict that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were given a $0.07 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.52%. Columbus McKinnon’s dividend payout ratio (DPR) is 84.85%.

Wall Street Analysts Forecast Growth

CMCO has been the topic of several analyst reports. DA Davidson restated a “neutral” rating and set a $35.00 price target on shares of Columbus McKinnon in a research report on Tuesday, February 18th. StockNews.com lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, Director Kathryn V. Bohl purchased 2,819 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $17.99 per share, with a total value of $50,713.81. Following the completion of the purchase, the director now owns 14,812 shares in the company, valued at approximately $266,467.88. This represents a 23.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher J. Stephens purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $20.27 per share, for a total transaction of $101,350.00. Following the completion of the purchase, the director now owns 11,014 shares of the company’s stock, valued at approximately $223,253.78. This represents a 83.14 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 27,819 shares of company stock valued at $473,064. Corporate insiders own 1.98% of the company’s stock.

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.