Macquarie Group Ltd. Has $12,488,000 Stake in Columbus McKinnon Corp. (CMCO)
Macquarie Group Ltd. boosted its position in Columbus McKinnon Corp. (NASDAQ:CMCO) by 23.5% during the second quarter, Holdings Channel reports. The firm owned 882,563 shares of the company’s stock after buying an additional 167,930 shares during the period. Macquarie Group Ltd.’s holdings in Columbus McKinnon Corp. were worth $12,488,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Columbus McKinnon Corp. by 91.8% in the second quarter. Acrospire Investment Management LLC now owns 9,185 shares of the company’s stock valued at $130,000 after buying an additional 4,396 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Columbus McKinnon Corp. during the second quarter valued at approximately $153,000. Citadel Advisors LLC bought a new stake in shares of Columbus McKinnon Corp. during the second quarter valued at approximately $223,000. US Bancorp DE increased its stake in shares of Columbus McKinnon Corp. by 4.3% in the second quarter. US Bancorp DE now owns 27,618 shares of the company’s stock valued at $391,000 after buying an additional 1,146 shares during the last quarter. Finally, Isthmus Partners LLC increased its stake in shares of Columbus McKinnon Corp. by 1.8% in the second quarter. Isthmus Partners LLC now owns 29,538 shares of the company’s stock valued at $418,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 81.23% of the company’s stock.
Shares of Columbus McKinnon Corp. (NASDAQ:CMCO) traded up 2.00% during midday trading on Wednesday, reaching $26.50. The company’s stock had a trading volume of 18,227 shares. The stock has a market capitalization of $536.20 million, a P/E ratio of 20.56 and a beta of 1.68. The stock’s 50-day moving average is $20.55 and its 200 day moving average is $17.33. Columbus McKinnon Corp. has a 12 month low of $12.62 and a 12 month high of $26.50.
Columbus McKinnon Corp. (NASDAQ:CMCO) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.02. Columbus McKinnon Corp. had a net margin of 4.28% and a return on equity of 9.72%. The business had revenue of $151.90 million for the quarter, compared to analysts’ expectations of $153.23 million. During the same quarter in the prior year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts expect that Columbus McKinnon Corp. will post $1.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Friday, November 11th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.16 dividend on an annualized basis and a yield of 0.62%. Columbus McKinnon Corp.’s dividend payout ratio (DPR) is currently 12.31%.
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Several equities research analysts recently commented on the company. TheStreet upgraded Columbus McKinnon Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 10th. Zacks Investment Research downgraded Columbus McKinnon Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 23rd.
In other Columbus McKinnon Corp. news, VP Alan S. Korman sold 2,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $17.91, for a total value of $35,820.00. Following the transaction, the vice president now owns 16,142 shares in the company, valued at $289,103.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.78% of the stock is owned by company insiders.
Columbus McKinnon Corp. Company Profile
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