Macquarie Group Ltd. boosted its holdings in Columbus McKinnon Corporation (NASDAQ:CMCO) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 850,186 shares of the industrial products company’s stock after buying an additional 4,726 shares during the quarter. Macquarie Group Ltd. owned approximately 3.76% of Columbus McKinnon Corporation worth $21,612,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in Columbus McKinnon Corporation in the first quarter valued at about $6,443,000. Dimensional Fund Advisors LP raised its position in Columbus McKinnon Corporation by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,264,809 shares of the industrial products company’s stock valued at $31,393,000 after purchasing an additional 152,165 shares during the last quarter. Kennedy Capital Management Inc. raised its position in Columbus McKinnon Corporation by 188.5% in the second quarter. Kennedy Capital Management Inc. now owns 226,151 shares of the industrial products company’s stock valued at $5,749,000 after purchasing an additional 147,775 shares during the last quarter. Royal Bank of Canada raised its position in Columbus McKinnon Corporation by 4.7% in the second quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock valued at $66,309,000 after purchasing an additional 118,139 shares during the last quarter. Finally, EAM Investors LLC bought a new position in Columbus McKinnon Corporation in the second quarter valued at about $2,490,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.
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Columbus McKinnon Corporation (NASDAQ CMCO) opened at 37.80 on Thursday. The company has a market capitalization of $855.23 million, a P/E ratio of 57.27 and a beta of 1.90. The firm has a 50-day moving average price of $34.69 and a 200 day moving average price of $28.65. Columbus McKinnon Corporation has a 52-week low of $16.86 and a 52-week high of $38.64.
Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.23. The company had revenue of $203.70 million during the quarter, compared to analysts’ expectations of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. Columbus McKinnon Corporation’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, analysts predict that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.
In related news, VP Gene P. Buer sold 10,669 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $31.66, for a total transaction of $337,780.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy T. Tevens sold 8,770 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $32.15, for a total value of $281,955.50. Following the sale, the chief executive officer now owns 293,536 shares of the company’s stock, valued at $9,437,182.40. The disclosure for this sale can be found here. Insiders have sold a total of 167,932 shares of company stock valued at $5,416,512 over the last 90 days. 3.91% of the stock is currently owned by company insiders.
About Columbus McKinnon Corporation
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