Trade Report: The California Public Employees Retirement System Increases Position in Columbus McKinnon Corp. (CMCO)

The California Public Employees Retirement System Increases Position in Columbus McKinnon Corp. (CMCO)

California Public Employees Retirement System boosted its stake in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 13.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,200 shares of the company’s stock after buying an additional 9,100 shares during the period. California Public Employees Retirement System owned 0.37% of Columbus McKinnon Corp. worth $1,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Columbus McKinnon Corp. by 2.3% in the first quarter. Royal Bank of Canada now owns 2,628,577 shares of the company’s stock valued at $41,426,000 after buying an additional 59,860 shares in the last quarter. Skyline Asset Management LP boosted its position in shares of Columbus McKinnon Corp. by 41.0% in the first quarter. Skyline Asset Management LP now owns 570,650 shares of the company’s stock valued at $8,993,000 after buying an additional 166,000 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of Columbus McKinnon Corp. by 2.9% in the second quarter. Eagle Boston Investment Management Inc. now owns 289,818 shares of the company’s stock valued at $4,100,000 after buying an additional 8,210 shares in the last quarter. Aristotle Capital Boston LLC boosted its position in shares of Columbus McKinnon Corp. by 8.5% in the first quarter. Aristotle Capital Boston LLC now owns 237,517 shares of the company’s stock valued at $3,743,000 after buying an additional 18,666 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Columbus McKinnon Corp. by 15.9% in the second quarter. Foundry Partners LLC now owns 217,705 shares of the company’s stock valued at $3,081,000 after buying an additional 29,885 shares in the last quarter. 82.50% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Corp. (NASDAQ:CMCO) traded up 1.12% during trading on Monday, hitting $18.10. The company had a trading volume of 9,409 shares. The company has a market capitalization of $365.53 million, a price-to-earnings ratio of 19.26 and a beta of 2.05. Columbus McKinnon Corp. has a 12-month low of $12.62 and a 12-month high of $21.63. The firm has a 50-day moving average of $17.62 and a 200 day moving average of $16.19.

Columbus McKinnon Corp. (NASDAQ:CMCO) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Columbus McKinnon Corp. had a return on equity of 10.20% and a net margin of 3.13%. The firm earned $149 million during the quarter, compared to the consensus estimate of $148.52 million. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Columbus McKinnon Corp. will post $1.42 earnings per share for the current year.

Separately, Zacks Investment Research upgraded Columbus McKinnon Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, September 26th.

In other Columbus McKinnon Corp. news, VP Alan S. Korman sold 2,000 shares of Columbus McKinnon Corp. stock in a transaction on Monday, September 12th. The stock was sold at an average price of $17.91, for a total value of $35,820.00. Following the completion of the transaction, the vice president now owns 16,142 shares in the company, valued at approximately $289,103.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.78% of the stock is owned by company insiders.

Columbus McKinnon Corp. Company Profile

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