MQS Management LLC Buys New Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

MQS Management LLC purchased a new position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,430 shares of the industrial products company’s stock, valued at approximately $375,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Columbus McKinnon by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,890,999 shares of the industrial products company’s stock worth $65,315,000 after purchasing an additional 7,465 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Columbus McKinnon by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company’s stock valued at $69,505,000 after buying an additional 16,174 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Columbus McKinnon in the 2nd quarter valued at $35,540,000. Allspring Global Investments Holdings LLC raised its stake in Columbus McKinnon by 0.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 964,234 shares of the industrial products company’s stock worth $33,305,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in Columbus McKinnon by 22.4% in the third quarter. Chartwell Investment Partners LLC now owns 345,855 shares of the industrial products company’s stock valued at $12,451,000 after acquiring an additional 63,331 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Trading Down 0.5 %

Shares of Columbus McKinnon stock opened at $37.43 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The company has a market capitalization of $1.07 billion, a P/E ratio of 70.62 and a beta of 1.19. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84. The company’s fifty day moving average is $33.72 and its two-hundred day moving average is $35.95.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Insider Buying and Selling at Columbus McKinnon

In other news, CEO David J. Wilson bought 31,300 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.98% of the stock is owned by company insiders.

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.