Orion Portfolio Solutions LLC Sells 2,551 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Orion Portfolio Solutions LLC trimmed its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,136 shares of the industrial products company’s stock after selling 2,551 shares during the period. Orion Portfolio Solutions LLC’s holdings in Columbus McKinnon were worth $2,351,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Intech Investment Management LLC bought a new position in Columbus McKinnon during the third quarter worth about $264,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Columbus McKinnon by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock worth $14,067,000 after buying an additional 18,802 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Columbus McKinnon by 15.4% during the 3rd quarter. Cerity Partners LLC now owns 46,036 shares of the industrial products company’s stock worth $1,657,000 after buying an additional 6,153 shares during the period. Walleye Capital LLC acquired a new stake in Columbus McKinnon in the 3rd quarter valued at $1,738,000. Finally, Verition Fund Management LLC grew its position in Columbus McKinnon by 72.8% in the third quarter. Verition Fund Management LLC now owns 20,693 shares of the industrial products company’s stock valued at $745,000 after acquiring an additional 8,717 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson reissued a “neutral” rating and set a $35.00 price target on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Insider Activity

In other news, Director Kathryn V. Bohl acquired 2,819 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the completion of the transaction, the director now directly owns 14,812 shares in the company, valued at $266,467.88. This trade represents a 23.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher J. Stephens bought 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the completion of the transaction, the director now owns 11,014 shares in the company, valued at approximately $223,253.78. This trade represents a 83.14 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 27,819 shares of company stock valued at $473,064. Company insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

Shares of CMCO stock opened at $16.70 on Wednesday. The stock’s fifty day moving average is $23.28 and its 200-day moving average is $31.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. Columbus McKinnon Co. has a 52 week low of $15.48 and a 52 week high of $45.84. The stock has a market capitalization of $477.84 million, a PE ratio of 50.61 and a beta of 1.31.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. Equities research analysts expect that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, May 2nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.68%. Columbus McKinnon’s payout ratio is 84.85%.

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.