Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,809 shares of the industrial products company’s stock after selling 5,194 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Columbus McKinnon were worth $2,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMCO. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon in the 3rd quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Columbus McKinnon in the 2nd quarter valued at $39,000. Innealta Capital LLC acquired a new stake in shares of Columbus McKinnon in the second quarter worth $41,000. CWM LLC increased its stake in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 1,584 shares during the period. Finally, nVerses Capital LLC acquired a new position in Columbus McKinnon during the second quarter valued at $73,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Stock Down 0.4 %

Shares of CMCO opened at $38.90 on Monday. The stock’s 50-day moving average price is $36.22 and its 200-day moving average price is $35.09. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 73.40 and a beta of 1.23. Columbus McKinnon Co. has a 52 week low of $29.26 and a 52 week high of $45.84.

Columbus McKinnon Dividend Announcement

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

Insider Activity

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

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.