Loomis Sayles & Co. L P Reduces Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Loomis Sayles & Co. L P lowered its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,104 shares of the industrial products company’s stock after selling 8,617 shares during the period. Loomis Sayles & Co. L P owned approximately 0.77% of Columbus McKinnon worth $7,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CMCO. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Columbus McKinnon in the second quarter valued at approximately $35,540,000. Victory Capital Management Inc. lifted its holdings in Columbus McKinnon by 1,006.0% in the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock valued at $12,183,000 after acquiring an additional 307,824 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Columbus McKinnon by 152.8% in the third quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company’s stock valued at $8,428,000 after acquiring an additional 141,502 shares during the period. Millennium Management LLC lifted its holdings in Columbus McKinnon by 120.3% in the second quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock valued at $6,899,000 after acquiring an additional 109,075 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Columbus McKinnon by 81.4% in the third quarter. Assenagon Asset Management S.A. now owns 173,245 shares of the industrial products company’s stock valued at $6,237,000 after acquiring an additional 77,721 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, CEO David J. Wilson bought 31,300 shares of Columbus McKinnon stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the purchase, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher J. Stephens acquired 1,000 shares of Columbus McKinnon stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the purchase, the director now owns 6,014 shares in the company, valued at $224,562.76. The trade was a 19.94 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company’s stock.

Columbus McKinnon Trading Up 0.6 %

Shares of CMCO stock opened at $39.10 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 73.77 and a beta of 1.19. The stock has a 50 day simple moving average of $34.82 and a 200-day simple moving average of $35.55. Columbus McKinnon Co. has a 1-year low of $29.26 and a 1-year high of $45.84.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s payout ratio is 52.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.