Boothbay Fund Management LLC Buys 6,658 Shares of Colfax Corp (CFX)

Boothbay Fund Management LLC boosted its stake in Colfax Corp (NYSE:CFX) by 46.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,882 shares of the industrial products company’s stock after buying an additional 6,658 shares during the quarter. Boothbay Fund Management LLC’s holdings in Colfax were worth $870,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its stake in Colfax by 4,167.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after buying an additional 2,542 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Colfax in the 2nd quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Colfax by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after buying an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Colfax by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after buying an additional 251 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in Colfax in the 3rd quarter valued at approximately $160,000. 74.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. BidaskClub lowered Colfax from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price target on shares of Colfax in a report on Tuesday, October 17th. Zacks Investment Research upgraded Colfax from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Monday, October 9th. Robert W. Baird reiterated a “buy” rating and issued a $50.00 price target on shares of Colfax in a report on Friday, October 27th. Finally, Oppenheimer reiterated a “hold” rating on shares of Colfax in a report on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.40.

Shares of Colfax Corp (NYSE:CFX) opened at $36.81 on Friday. The company has a market capitalization of $4,499.88, a price-to-earnings ratio of 22.02, a PEG ratio of 2.14 and a beta of 1.26. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Colfax Corp has a twelve month low of $33.31 and a twelve month high of $43.29.

Colfax (NYSE:CFX) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. research analysts predict that Colfax Corp will post 1.71 earnings per share for the current year.

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Colfax Company Profile

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.

Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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