The Columbus McKinnon Corp. (CMCO) Position Maintained by Swiss National Bank

The Columbus McKinnon Corp. (CMCO) Position Maintained by Swiss National Bank

Swiss National Bank held its stake in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) during the second quarter, according to its most recent filing with the SEC. The fund owned 33,811 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.17% of Columbus McKinnon Corp. worth $478,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CMCO. Bank of New York Mellon Corp increased its stake in shares of Columbus McKinnon Corp. by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 176,403 shares of the company’s stock valued at $2,496,000 after buying an additional 3,594 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake 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 during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Columbus McKinnon Corp. during the first quarter valued at $173,000. Aristotle Capital Boston LLC increased its stake 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 during the last quarter. Finally, Foundry Partners LLC increased its stake 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 during the last quarter. 82.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of Columbus McKinnon Corp. (NASDAQ:CMCO) traded up 1.68% during mid-day trading on Monday, hitting $18.20. 10,108 shares of the company traded hands. The firm has a market cap of $367.55 million, a price-to-earnings ratio of 19.36 and a beta of 2.05. Columbus McKinnon Corp. has a 52-week low of $12.62 and a 52-week high of $21.63. The firm has a 50-day moving average price of $17.62 and a 200 day moving average price of $16.19.

Columbus McKinnon Corp. (NASDAQ:CMCO) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $149 million for the quarter, compared to analysts’ expectations of $148.52 million. Columbus McKinnon Corp. had a net margin of 3.13% and a return on equity of 10.20%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts anticipate that Columbus McKinnon Corp. will post $1.42 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Columbus McKinnon Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, June 21st.

In related news, VP Alan S. Korman sold 2,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $17.91, for a total value of $35,820.00. Following the sale, the vice president now directly owns 16,142 shares of the company’s stock, valued at $289,103.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.78% of the stock is currently owned by corporate insiders.

About Columbus McKinnon Corp.

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