Systematic Financial Management LP Sells 169,204 Shares of Columbus McKinnon Corporation $CMCO

Systematic Financial Management LP lowered its position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 48.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,498 shares of the industrial products company’s stock after selling 169,204 shares during the quarter. Systematic Financial Management LP owned approximately 0.62% of Columbus McKinnon worth $2,710,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CMCO. Simplex Trading LLC increased its position in Columbus McKinnon by 782.2% in the second quarter. Simplex Trading LLC now owns 1,685 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 1,932 shares during the period. Signaturefd LLC grew its position in shares of Columbus McKinnon by 58.4% during the 2nd quarter. Signaturefd LLC now owns 3,847 shares of the industrial products company’s stock worth $59,000 after buying an additional 1,418 shares during the period. State of Wyoming raised its stake in shares of Columbus McKinnon by 131.7% during the first quarter. State of Wyoming now owns 7,874 shares of the industrial products company’s stock worth $133,000 after buying an additional 4,476 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Columbus McKinnon by 942.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,340 shares of the industrial products company’s stock valued at $127,000 after buying an additional 7,540 shares during the period. Finally, Prudent Man Advisors LLC bought a new position in Columbus McKinnon in the second quarter valued at approximately $160,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Ratings Changes

CMCO has been the subject of several recent research reports. Wall Street Zen upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus McKinnon in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $35.00.

Columbus McKinnon Stock Up 4.0%

Shares of CMCO stock opened at $17.03 on Thursday. Columbus McKinnon Corporation has a 12-month low of $11.78 and a 12-month high of $41.05. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $15.36 and a 200-day moving average of $15.29. The company has a market capitalization of $489.24 million, a price-to-earnings ratio of 121.65 and a beta of 1.30.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share for the quarter. The firm had revenue of $166.55 million during the quarter. Columbus McKinnon had a net margin of 0.41% and a return on equity of 7.33%. As a group, equities research analysts predict that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 200.00%.

Columbus McKinnon 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.