Colfax Co. (NYSE:CFX) Stake Raised by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of Colfax Co. (NYSE:CFX) by 99.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,780 shares of the industrial products company’s stock after acquiring an additional 30,805 shares during the quarter. Verition Fund Management LLC owned about 0.05% of Colfax worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in shares of Colfax in the 3rd quarter valued at approximately $160,000. Arlington Partners LLC acquired a new stake in shares of Colfax in the 4th quarter valued at approximately $1,243,000. Prudential Financial Inc. lifted its holdings 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 buying an additional 5,700 shares during the period. Eqis Capital Management Inc. lifted its holdings 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 buying an additional 1,455 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Colfax by 49.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,264 shares of the industrial products company’s stock valued at $209,000 after buying an additional 1,731 shares during the period. 77.54% of the stock is owned by institutional investors.

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NYSE CFX opened at $30.41 on Friday. Colfax Co. has a 1-year low of $30.09 and a 1-year high of $43.29. The company has a market capitalization of $3,937.87, a P/E ratio of 19.35, a PEG ratio of 1.13 and a beta of 1.26. 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 (NYSE:CFX) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $874.00 million during the quarter, compared to the consensus estimate of $894.02 million. Colfax had a return on equity of 5.95% and a net margin of 4.28%. Colfax’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. equities research analysts expect that Colfax Co. will post 2.11 EPS for the current fiscal year.

CFX has been the subject of several recent analyst reports. Robert W. Baird reissued a “buy” rating and issued a $39.00 price target on shares of Colfax in a report on Wednesday. Seaport Global Securities reissued a “buy” rating on shares of Colfax in a report on Wednesday, February 7th. Gabelli raised Colfax from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Stifel Nicolaus reduced their price target on Colfax from $48.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Argus reaffirmed a “buy” rating and issued a $33.36 price objective (down from $40.00) on shares of Colfax in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.44.

In other Colfax news, EVP Daniel A. Pryor sold 1,682 shares of the firm’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 $56,279.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ian Brander sold 1,240 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total value of $41,490.40. The disclosure for this sale can be found here. Insiders have sold 11,445 shares of company stock valued at $444,983 in the last three months. 10.60% of the stock is currently owned by company insiders.

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Colfax Profile

Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.

Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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