84,887 Shares in Columbus McKinnon Corp. (CMCO) Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC bought a new stake in Columbus McKinnon Corp. (NASDAQ:CMCO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,887 shares of the industrial products company’s stock, valued at approximately $2,107,000.

Several other institutional investors also recently bought and sold shares of CMCO. Envestnet Asset Management Inc. increased its position in Columbus McKinnon Corp. by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,094 shares of the industrial products company’s stock valued at $151,000 after buying an additional 91 shares during the period. Wells Fargo & Company MN increased its position in Columbus McKinnon Corp. by 7.2% in the third quarter. Wells Fargo & Company MN now owns 8,940 shares of the industrial products company’s stock valued at $159,000 after buying an additional 602 shares during the period. Trexquant Investment LP bought a new position in Columbus McKinnon Corp. during the fourth quarter valued at approximately $211,000. Highbridge Capital Management LLC bought a new position in Columbus McKinnon Corp. during the fourth quarter valued at approximately $212,000. Finally, WealthTrust Axiom LLC increased its position in Columbus McKinnon Corp. by 20.0% in the third quarter. WealthTrust Axiom LLC now owns 12,000 shares of the industrial products company’s stock valued at $214,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 83.37% of the company’s stock.

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

Shares of Columbus McKinnon Corp. (NASDAQ:CMCO) traded up 2.18% during trading on Friday, reaching $24.38. The company’s stock had a trading volume of 120,059 shares. Columbus McKinnon Corp. has a 52-week low of $13.80 and a 52-week high of $29.23. The firm’s 50-day moving average is $25.35 and its 200 day moving average is $25.62. The company has a market cap of $493.62 million, a PE ratio of 25.40 and a beta of 1.66.

The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, May 5th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Wednesday, May 3rd. Columbus McKinnon Corp.’s payout ratio is 16.67%.

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CMCO has been the subject of several research analyst reports. Sidoti upgraded Columbus McKinnon Corp. from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, January 26th. Seaport Global Securities upgraded Columbus McKinnon Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $30.00 in a research report on Monday, January 23rd. Finally, Zacks Investment Research upgraded Columbus McKinnon Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, March 29th.

About Columbus McKinnon Corp.

5 Day Chart for NASDAQ:CMCO

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