14,850 Shares in Columbus McKinnon Co. (NASDAQ:CMCO) Acquired by Quest Partners LLC

Quest Partners LLC purchased a new position in Columbus McKinnon Co. (NASDAQ:CMCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,850 shares of the industrial products company’s stock, valued at approximately $579,000. Quest Partners LLC owned 0.05% of Columbus McKinnon at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Columbus McKinnon in the 3rd quarter worth approximately $61,000. Buck Wealth Strategies LLC bought a new stake in Columbus McKinnon during the 3rd quarter valued at $83,000. SG Americas Securities LLC bought a new stake in Columbus McKinnon during the 4th quarter valued at $215,000. Carmel Capital Partners LLC raised its holdings in Columbus McKinnon by 692.6% during the 4th quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 5,326 shares during the period. Finally, Bailard Inc. bought a new stake in Columbus McKinnon during the 4th quarter valued at $258,000. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CMCO. StockNews.com raised shares of Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th. DA Davidson boosted their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 5th.

Columbus McKinnon Trading Down 0.6 %

Columbus McKinnon stock opened at $44.94 on Thursday. The stock has a market cap of $1.29 billion, a P/E ratio of 26.59 and a beta of 1.27. Columbus McKinnon Co. has a fifty-two week low of $30.29 and a fifty-two week high of $45.84. The firm’s fifty day moving average price is $42.74 and its 200-day moving average price is $39.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.92.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were issued a $0.07 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.62%. Columbus McKinnon’s payout ratio is currently 16.57%.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.