Colfax Co. (NYSE:CFX) Shares Sold by HBK Investments L P

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.

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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.

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About Colfax

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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