Y Intercept Hong Kong Ltd Buys Shares of 179,514 Columbus McKinnon Corporation $CMCO

Y Intercept Hong Kong Ltd bought a new stake in Columbus McKinnon Corporation (NASDAQ:CMCO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 179,514 shares of the industrial products company’s stock, valued at approximately $2,741,000. Y Intercept Hong Kong Ltd owned 0.63% of Columbus McKinnon as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Moody National Bank Trust Division lifted its holdings in Columbus McKinnon by 3.0% in the second quarter. Moody National Bank Trust Division now owns 23,885 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 703 shares during the period. Signaturefd LLC lifted its holdings in Columbus McKinnon by 58.4% in the second quarter. Signaturefd LLC now owns 3,847 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 1,418 shares during the period. CWM LLC lifted its holdings in Columbus McKinnon by 79.2% in the first quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 1,512 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Columbus McKinnon by 10.2% in the second quarter. Nisa Investment Advisors LLC now owns 16,580 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 1,529 shares during the period. Finally, MGO One Seven LLC lifted its holdings in Columbus McKinnon by 21.7% in the second quarter. MGO One Seven LLC now owns 13,441 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 2,396 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Columbus McKinnon Trading Up 15.3%

NASDAQ:CMCO opened at $17.35 on Friday. The company has a market capitalization of $498.38 million, a PE ratio of -32.13 and a beta of 1.26. The company has a quick ratio of 1.01, a current ratio of 1.85 and a debt-to-equity ratio of 0.46. Columbus McKinnon Corporation has a 52-week low of $11.78 and a 52-week high of $41.05. The stock has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $15.22.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings results on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $166.55 million during the quarter. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%. On average, equities research analysts expect that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 7th. Columbus McKinnon’s dividend payout ratio (DPR) is currently -51.85%.

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.