Trexquant Investment LP Acquires New Position in Columbus McKinnon Corporation $CMCO

Trexquant Investment LP acquired a new stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) in the first quarter, HoldingsChannel reports. The institutional investor acquired 86,059 shares of the industrial products company’s stock, valued at approximately $1,457,000.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Columbus McKinnon by 743.4% during the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 2,141 shares during the period. Versant Capital Management Inc grew its holdings in Columbus McKinnon by 3,784.1% during the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company’s stock valued at $41,000 after buying an additional 2,384 shares in the last quarter. Parallel Advisors LLC purchased a new stake in Columbus McKinnon during the 1st quarter valued at approximately $47,000. High Note Wealth LLC purchased a new stake in Columbus McKinnon during the 1st quarter valued at approximately $48,000. Finally, CWM LLC grew its holdings in Columbus McKinnon by 79.2% during the 1st quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock valued at $58,000 after buying an additional 1,512 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Stock Performance

Shares of CMCO opened at $14.89 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.85 and a quick ratio of 1.01. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The company has a 50 day simple moving average of $15.16 and a two-hundred day simple moving average of $15.73. The firm has a market cap of $427.79 million, a P/E ratio of -27.57 and a beta of 1.28.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The business had revenue of $235.92 million during the quarter, compared to analyst estimates of $230.88 million. On average, equities analysts expect that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon’s dividend payout ratio (DPR) is -51.85%.

About Columbus McKinnon

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.