Swiss National Bank Holds Position in Columbus McKinnon Corporation (CMCO)

Swiss National Bank held its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,811 shares of the industrial products company’s stock at the end of the first quarter. Swiss National Bank owned approximately 0.17% of Columbus McKinnon Corporation worth $839,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CMCO. Envestnet Asset Management Inc. increased its stake in shares of Columbus McKinnon Corporation by 10.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,003 shares of the industrial products company’s stock worth $162,000 after buying an additional 550 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Columbus McKinnon Corporation during the fourth quarter worth $212,000. A.R.T. Advisors LLC acquired a new stake in shares of Columbus McKinnon Corporation during the fourth quarter worth $256,000. American Century Companies Inc. increased its stake in shares of Columbus McKinnon Corporation by 121.0% in the first quarter. American Century Companies Inc. now owns 22,529 shares of the industrial products company’s stock worth $559,000 after buying an additional 12,337 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Columbus McKinnon Corporation by 17.5% in the fourth quarter. GSA Capital Partners LLP now owns 23,105 shares of the industrial products company’s stock worth $625,000 after buying an additional 3,438 shares during the last quarter. Institutional investors and hedge funds own 84.74% of the company’s stock.

Shares of Columbus McKinnon Corporation (CMCO) opened at 24.75 on Wednesday. Columbus McKinnon Corporation has a 52 week low of $14.65 and a 52 week high of $29.65. The firm has a market cap of $559.25 million, a PE ratio of 57.56 and a beta of 1.92. The firm has a 50-day moving average price of $26.12 and a 200-day moving average price of $26.14.

Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its earnings results on Friday, June 2nd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. Columbus McKinnon Corporation had a return on equity of 9.03% and a net margin of 1.41%. The firm had revenue of $183.70 million during the quarter, compared to analyst estimates of $176.40 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. On average, equities research analysts predict that Columbus McKinnon Corporation will post $1.69 earnings per share for the current year.

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CMCO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Columbus McKinnon Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, March 29th. TheStreet downgraded Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a report on Wednesday, May 31st.

In other news, VP Alan S. Korman sold 3,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.13, for a total value of $81,390.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 4,500 shares of company stock valued at $123,960 in the last three months. Corporate insiders own 3.91% of the company’s stock.

Columbus McKinnon Corporation Company Profile

Institutional Ownership by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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