Colfax Corp (NYSE:CFX) Director Rajiv Vinnakota sold 483 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $33.20, for a total transaction of $16,035.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Colfax Corp (NYSE:CFX) traded up $0.18 during midday trading on Friday, reaching $32.73. The company’s stock had a trading volume of 797,661 shares, compared to its average volume of 720,812. The firm has a market cap of $4,014.33, a P/E ratio of 27.05, a P/E/G ratio of 1.14 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 Corp has a 52 week low of $31.26 and a 52 week high of $43.29.
Colfax (NYSE:CFX) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share 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 during the quarter, compared to the consensus estimate of $894.02 million. During the same period in the previous year, the company posted $0.46 EPS. Colfax’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts anticipate that Colfax Corp will post 2.12 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in CFX. The Manufacturers Life Insurance Company grew its position in shares of Colfax by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after buying an additional 251 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Colfax during the third quarter worth about $160,000. Valeo Financial Advisors LLC acquired a new position in shares of Colfax during the third quarter worth about $177,000. Itau Unibanco Holding S.A. grew its position in shares of Colfax by 225.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock worth $205,000 after buying an additional 3,583 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. acquired a new position in shares of Colfax during the third quarter worth about $206,000. 77.63% of the stock is owned by institutional investors and hedge funds.
CFX has been the topic of several research analyst reports. Barclays initiated coverage on shares of Colfax in a report on Thursday, February 15th. They issued an “underweight” rating on the stock. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price objective on shares of Colfax in a report on Monday, December 11th. Longbow Research raised Colfax from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Argus reaffirmed a “buy” rating and issued a $33.36 target price (down from $40.00) on shares of Colfax in a research report on Thursday, February 22nd. Finally, Zacks Investment Research downgraded Colfax from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Three 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. Colfax presently has a consensus rating of “Hold” and a consensus price target of $42.74.
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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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