Susquehanna International Group LLP grew its holdings in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,111 shares of the industrial products company’s stock after acquiring an additional 1,280 shares during the quarter. Susquehanna International Group LLP owned about 0.20% of Columbus McKinnon worth $1,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Columbus McKinnon during the 3rd quarter valued at about $141,000. Laurion Capital Management LP bought a new stake in shares of Columbus McKinnon during the 2nd quarter valued at about $202,000. Cubist Systematic Strategies LLC bought a new stake in shares of Columbus McKinnon during the 3rd quarter valued at about $202,000. Trexquant Investment LP bought a new stake in shares of Columbus McKinnon during the 3rd quarter valued at about $212,000. Finally, WealthTrust Axiom LLC bought a new stake in shares of Columbus McKinnon during the 3rd quarter valued at about $227,000. Hedge funds and other institutional investors own 85.17% of the company’s stock.

A number of analysts have recently issued reports on the company. Roth Capital lifted their price target on Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Columbus McKinnon presently has an average rating of “Buy” and an average target price of $37.00.

In related news, VP Mark R. Paradowski sold 3,906 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $39.96, for a total value of $156,083.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alan S. Korman sold 1,558 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $40.10, for a total value of $62,475.80. The disclosure for this sale can be found here. Insiders sold a total of 36,254 shares of company stock valued at $1,389,130 in the last 90 days. 3.91% of the stock is currently owned by corporate insiders.

Shares of Columbus McKinnon Corporation (NASDAQ CMCO) opened at $37.77 on Friday. The firm has a market capitalization of $871.64, a P/E ratio of 22.56 and a beta of 1.90. Columbus McKinnon Corporation has a 12-month low of $22.88 and a 12-month high of $41.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The company had revenue of $212.80 million during the quarter, compared to the consensus estimate of $203.27 million. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. Columbus McKinnon’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. analysts expect that Columbus McKinnon Corporation will post 1.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. Columbus McKinnon’s payout ratio is 18.82%.

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Columbus McKinnon Company Profile

Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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