Columbus McKinnon Corporation (CMCO) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its holdings in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 48.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,900 shares of the industrial products company’s stock after purchasing an additional 4,200 shares during the period. Alliancebernstein L.P. owned 0.06% of Columbus McKinnon Corporation worth $328,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. boosted its position in shares of Columbus McKinnon Corporation by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 23,141 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 612 shares in the last quarter. American International Group Inc. boosted its position in shares of Columbus McKinnon Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 795 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Columbus McKinnon Corporation by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,052 shares of the industrial products company’s stock valued at $1,019,000 after purchasing an additional 1,513 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of Columbus McKinnon Corporation by 2.4% during the 2nd quarter. Seizert Capital Partners LLC now owns 86,940 shares of the industrial products company’s stock valued at $2,210,000 after purchasing an additional 2,053 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Columbus McKinnon Corporation by 4.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 58,521 shares of the industrial products company’s stock valued at $1,488,000 after purchasing an additional 2,277 shares in the last quarter. Institutional investors own 85.06% of the company’s stock.

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A number of research firms recently weighed in on CMCO. Roth Capital began coverage on Columbus McKinnon Corporation in a research note on Friday, July 28th. They set a “buy” rating and a $33.00 price target on the stock. TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. ValuEngine downgraded Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub raised Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $37.00.

Columbus McKinnon Corporation (NASDAQ CMCO) opened at $38.49 on Thursday. Columbus McKinnon Corporation has a 52 week low of $19.98 and a 52 week high of $41.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.18 and a current ratio of 1.96. The firm has a market capitalization of $878.77, a P/E ratio of 22.74 and a beta of 1.92.

Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Columbus McKinnon Corporation had a return on equity of 10.95% and a net margin of 2.65%. The business had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. During the same period in the prior year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. analysts anticipate that Columbus McKinnon Corporation will post 1.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Thursday, November 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is presently 18.82%.

In other news, Director Timothy T. Tevens sold 9,723 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $32.01, for a total value of $311,233.23. Following the completion of the sale, the director now directly owns 293,536 shares of the company’s stock, valued at $9,396,087.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Alan S. Korman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,802 shares of company stock valued at $3,399,491. Company 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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