Allianz Asset Management GmbH purchased a new position in Colfax Corp (NYSE:CFX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 231,879 shares of the industrial products company’s stock, valued at approximately $9,187,000. Allianz Asset Management GmbH owned about 0.19% of Colfax at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oakview Capital Management L.P. lifted its holdings in shares of Colfax by 27.4% in the 4th quarter. Oakview Capital Management L.P. now owns 506,832 shares of the industrial products company’s stock worth $20,081,000 after purchasing an additional 108,891 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Colfax in the 4th quarter worth approximately $281,000. Centaurus Financial Inc. bought a new stake in shares of Colfax in the 4th quarter worth approximately $1,063,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Colfax by 225.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 3,583 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Colfax by 1.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 303,183 shares of the industrial products company’s stock worth $12,012,000 after purchasing an additional 4,600 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.
CFX stock opened at $32.54 on Wednesday. Colfax Corp has a 1 year low of $31.26 and a 1 year high of $43.29. The stock has a market capitalization of $3,988.43, a price-to-earnings ratio of 19.60, a PEG ratio of 1.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 1.89.
Colfax (NYSE:CFX) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Colfax had a return on equity of 5.95% and a net margin of 4.28%. The company had revenue of $874.00 million for the quarter, compared to analysts’ expectations of $894.02 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts predict that Colfax Corp will post 2.12 earnings per share for the current year.
Several analysts recently issued reports on CFX shares. Longbow Research raised Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Oppenheimer restated a “hold” rating on shares of Colfax in a research report on Thursday, November 30th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 target price on shares of Colfax in a research report on Monday, December 11th. Zacks Investment Research upgraded Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, January 9th. Finally, KeyCorp lowered their target price on Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.74.
In other news, SVP A. Lynne Puckett sold 7,270 shares of Colfax stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $42.01, for a total transaction of $305,412.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel A. Pryor sold 1,682 shares of Colfax stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.46, for a total value of $56,279.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,445 shares of company stock worth $444,983. 10.60% of the stock is owned by insiders.
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Colfax Company Profile
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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