HBK Investments L P cut its holdings in Colfax Co. (NYSE:CFX) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,752 shares of the industrial products company’s stock after selling 8,748 shares during the quarter. HBK Investments L P owned approximately 0.08% of Colfax worth $4,150,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in Colfax in the third quarter valued at about $160,000. Arlington Partners LLC acquired a new stake in Colfax in the fourth quarter valued at about $1,243,000. Prudential Financial Inc. boosted its stake in Colfax by 19.6% in the third 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 in the last quarter. Eqis Capital Management Inc. boosted its stake in Colfax by 10.8% in the fourth 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Colfax by 49.0% in the fourth 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 in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Daniel A. Pryor sold 1,682 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total transaction of $56,279.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ian Brander sold 1,240 shares of the firm’s stock in a transaction dated 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 over the last 90 days. 10.60% of the stock is owned by corporate insiders.
Shares of CFX stock traded down $1.52 during mid-day trading on Friday, reaching $30.41. 540,831 shares of the stock traded hands, compared to its average volume of 619,135. Colfax Co. has a 1-year low of $30.09 and a 1-year high of $43.29. The firm has a market capitalization of $3,937.87, a price-to-earnings ratio of 17.48, a PEG ratio of 1.13 and a beta of 1.26. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28.
Colfax (NYSE:CFX) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $874.00 million for the quarter, compared to analyst estimates of $894.02 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts predict that Colfax Co. will post 2.11 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Colfax in a research note on Wednesday. Zacks Investment Research raised Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Tuesday, January 9th. Barclays assumed coverage on Colfax in a research note on Thursday, February 15th. They issued an “underweight” rating on the stock. Stifel Nicolaus reduced their price objective on Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Colfax in a research note on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.44.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/04/07/hbk-investments-l-p-sells-8748-shares-of-colfax-corp-cfx.html.
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.
Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.