Columbus McKinnon Co. (NASDAQ:CMCO) Shares Acquired by Quest Partners LLC

Quest Partners LLC boosted its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 21.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,611 shares of the industrial products company’s stock after purchasing an additional 3,980 shares during the quarter. Quest Partners LLC’s holdings in Columbus McKinnon were worth $814,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CMCO. MQS Management LLC acquired a new position in shares of Columbus McKinnon during the third quarter valued at $375,000. Victory Capital Management Inc. grew its stake in shares of Columbus McKinnon by 1,006.0% in the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock worth $12,183,000 after purchasing an additional 307,824 shares in the last quarter. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon during the 3rd quarter valued at about $25,000. Access Investment Management LLC acquired a new position in shares of Columbus McKinnon during the third quarter valued at approximately $1,475,000. Finally, Chartwell Investment Partners LLC raised its position in Columbus McKinnon by 22.4% in the third quarter. Chartwell Investment Partners LLC now owns 345,855 shares of the industrial products company’s stock worth $12,451,000 after acquiring an additional 63,331 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Columbus McKinnon news, Director Christopher J. Stephens bought 1,000 shares of Columbus McKinnon stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the acquisition, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Wilson purchased 31,300 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the acquisition, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at $1,002,226. This represents a ? increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Columbus McKinnon Trading Up 3.2 %

Shares of NASDAQ CMCO opened at $37.14 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 12 month low of $29.26 and a 12 month high of $45.84. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 70.08 and a beta of 1.19. The business has a fifty day simple moving average of $34.34 and a 200-day simple moving average of $35.76.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is presently 52.83%.

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.