100,000 Shares in Columbus McKinnon Co. (NASDAQ:CMCO) Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the industrial products company’s stock, valued at approximately $3,724,000. Heartland Advisors Inc. owned about 0.35% of Columbus McKinnon at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCO. Millburn Ridgefield Corp bought a new stake in shares of Columbus McKinnon during the 3rd quarter worth $155,000. Park Avenue Securities LLC bought a new stake in Columbus McKinnon during the fourth quarter worth about $239,000. KLP Kapitalforvaltning AS purchased a new position in shares of Columbus McKinnon in the 4th quarter worth about $250,000. PNC Financial Services Group Inc. increased its position in shares of Columbus McKinnon by 12.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 806 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Columbus McKinnon during the 3rd quarter valued at about $264,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Buying and Selling

In related news, Director Chad R. Abraham purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 20,000 shares in the company, valued at approximately $321,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn V. Bohl acquired 2,819 shares of Columbus McKinnon stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the completion of the transaction, the director now owns 14,812 shares in the company, 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 have acquired 27,819 shares of company stock valued at $473,064 over the last ninety days. 1.98% of the stock is owned by insiders.

Columbus McKinnon Price Performance

CMCO opened at $17.04 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $24.09 and its 200 day simple moving average is $31.65. The firm has a market cap of $487.57 million, a price-to-earnings ratio of 51.64 and a beta of 1.31. Columbus McKinnon Co. has a 1 year low of $15.48 and a 1 year high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last issued 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 return on equity of 8.64% and a net margin of 0.95%. As a group, analysts predict that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, May 2nd. Columbus McKinnon’s dividend payout ratio (DPR) is 84.85%.

Analyst Upgrades and Downgrades

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

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.