Access Investment Management LLC Has $3.24 Million Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Access Investment Management LLC grew its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 112.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,900 shares of the industrial products company’s stock after purchasing an additional 45,920 shares during the quarter. Access Investment Management LLC owned about 0.30% of Columbus McKinnon worth $3,236,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMCO. Mascoma Wealth Management LLC acquired a new position in shares of Columbus McKinnon during the 3rd quarter worth approximately $25,000. Millburn Ridgefield Corp acquired a new position in shares of Columbus McKinnon during the 3rd quarter worth approximately $155,000. Park Avenue Securities LLC acquired a new position in shares of Columbus McKinnon during the 4th quarter worth approximately $239,000. Intech Investment Management LLC acquired a new position in shares of Columbus McKinnon during the 3rd quarter worth approximately $264,000. Finally, Paloma Partners Management Co acquired a new position in shares of Columbus McKinnon during the 3rd quarter worth approximately $323,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMCO. StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson reissued a “neutral” rating and set a $35.00 target price on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Columbus McKinnon Stock Performance

CMCO opened at $18.90 on Friday. The business has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $34.27. The company has a market capitalization of $540.73 million, a PE ratio of 57.27 and a beta of 1.22. Columbus McKinnon Co. has a 1 year low of $18.86 and a 1 year high of $45.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly 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%. Research analysts expect that Columbus McKinnon Co. will post 2.69 EPS for the current year.

Columbus McKinnon Dividend Announcement

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

Insider Activity at Columbus McKinnon

In related news, Director Christopher J. Stephens bought 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $20.27 per share, for a total transaction of $101,350.00. Following the transaction, the director now owns 11,014 shares in the company, valued at $223,253.78. The trade was a 83.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.