Spark Investment Management LLC continued to hold its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,800 shares of the industrial products company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Columbus McKinnon Corporation were worth $528,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Columbus McKinnon Corporation by 4.0% in the second quarter. Russell Investments Group Ltd. now owns 58,521 shares of the industrial products company’s stock valued at $1,488,000 after buying an additional 2,277 shares during the period. Bank of Montreal Can acquired a new stake in Columbus McKinnon Corporation during the second quarter valued at about $790,000. Goldman Sachs Group Inc. boosted its stake in Columbus McKinnon Corporation by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 41,052 shares of the industrial products company’s stock valued at $1,019,000 after buying an additional 1,513 shares during the period. Gotham Asset Management LLC acquired a new stake in Columbus McKinnon Corporation during the first quarter valued at about $341,000. Finally, Highbridge Capital Management LLC boosted its stake in Columbus McKinnon Corporation by 267.6% in the first quarter. Highbridge Capital Management LLC now owns 28,742 shares of the industrial products company’s stock valued at $714,000 after buying an additional 20,924 shares during the period. Institutional investors and hedge funds own 84.28% of the company’s stock.

Columbus McKinnon Corporation (NASDAQ CMCO) opened at 31.64 on Friday. Columbus McKinnon Corporation has a 12 month low of $16.41 and a 12 month high of $33.12. The stock has a market capitalization of $715.86 million, a price-to-earnings ratio of 47.94 and a beta of 1.92. The company has a 50 day moving average price of $27.08 and a 200 day moving average price of $26.29.

Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. The firm had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $190.62 million. During the same period in the previous year, the company posted $0.32 EPS. The company’s quarterly revenue was up 36.7% compared to the same quarter last year. Equities research analysts predict that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio is currently 25.00%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Columbus McKinnon Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Thursday, August 3rd. TheStreet upgraded Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Roth Capital set a $36.00 price objective on Columbus McKinnon Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. ValuEngine cut Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub cut Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.50.

In other news, VP Alan S. Korman sold 3,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $27.13, for a total transaction of $81,390.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gene P. Buer sold 28,795 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $32.67, for a total transaction of $940,732.65. Following the transaction, the vice president now owns 24,522 shares in the company, valued at $801,133.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,159 shares of company stock worth $3,301,082. 3.91% of the stock is currently owned by corporate insiders.

Columbus McKinnon Corporation Company Profile

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

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