UBS Asset Management Americas Inc. lifted its stake in shares of Colfax Corp (NYSE:CFX) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,183 shares of the industrial products company’s stock after acquiring an additional 4,600 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.25% of Colfax worth $12,012,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in shares of Colfax during the 3rd quarter valued at $160,000. Arlington Partners LLC acquired a new stake in shares of Colfax in the 4th quarter valued at $1,243,000. Prudential Financial Inc. lifted its stake in shares of Colfax by 19.6% in the 3rd quarter. Prudential Financial Inc. now owns 34,755 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 5,700 shares during the last quarter. Eqis Capital Management Inc. lifted its stake in shares of Colfax by 10.8% in the 4th quarter. Eqis Capital Management Inc. now owns 14,986 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Colfax by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,737,287 shares of the industrial products company’s stock valued at $113,984,000 after purchasing an additional 10,709 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.
Shares of Colfax Corp (CFX) traded down $0.14 during trading on Wednesday, hitting $33.17. 956,207 shares of the company traded hands, compared to its average volume of 885,046. The company has a market cap of $4,070.00, a price-to-earnings ratio of -53.73, a PEG ratio of 1.18 and a beta of 1.32. The company has a quick ratio of 1.49, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. Colfax Corp has a 12 month low of $31.26 and a 12 month high of $43.29.
Colfax (NYSE:CFX) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $874.00 million for the quarter, compared to the consensus estimate of $894.02 million. Colfax had a net margin of 4.28% and a return on equity of 5.95%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. equities research analysts predict that Colfax Corp will post 2.12 EPS for the current year.
A number of research analysts have weighed in on CFX shares. Seaport Global Securities reissued a “buy” rating on shares of Colfax in a research report on Wednesday, February 7th. Gabelli raised shares of Colfax from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Stifel Nicolaus reduced their price target on shares of Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Longbow Research upgraded shares of Colfax from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Argus reiterated a “buy” rating and set a $33.36 target price (down from $40.00) on shares of Colfax in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.74.
In other Colfax news, SVP A. Lynne Puckett sold 7,270 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $42.01, for a total transaction of $305,412.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ian Brander sold 1,240 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total transaction of $41,490.40. The disclosure for this sale can be found here. Insiders have sold a total of 64,295 shares of company stock worth $2,463,601 in the last quarter. 10.60% of the stock is owned by corporate insiders.
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Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.
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