Shares of Colfax Co. (NYSE:CFX) reached a new 52-week high and low on Friday . The company traded as low as $30.09 and last traded at $30.41, with a volume of 540631 shares traded. The stock had previously closed at $31.93.
Several brokerages have weighed in on CFX. Zacks Investment Research downgraded Colfax from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Colfax in a research report on Tuesday, January 16th. ValuEngine downgraded Colfax from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Gabelli upgraded Colfax from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Argus reiterated a “buy” rating and issued a $33.36 price objective (down previously from $40.00) on shares of Colfax in a research report on Thursday, February 22nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.44.
The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.49. The firm has a market cap of $3,937.87, a P/E ratio of 17.48, a P/E/G ratio of 1.13 and a beta of 1.26.
Colfax (NYSE:CFX) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. equities analysts forecast that Colfax Co. will post 2.11 earnings per share for the current fiscal year.
In related news, SVP A. Lynne Puckett sold 770 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total transaction of $25,764.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel A. Pryor sold 1,682 shares of the company’s stock in a transaction that occurred 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. In the last 90 days, insiders have sold 11,445 shares of company stock valued at $444,983. 10.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in Colfax in the fourth quarter worth $343,000. DF Dent & Co. Inc. grew its stake in Colfax by 141.4% in the fourth quarter. DF Dent & Co. Inc. now owns 38,754 shares of the industrial products company’s stock worth $1,535,000 after purchasing an additional 22,699 shares during the period. Verition Fund Management LLC grew its stake in Colfax by 99.5% in the fourth quarter. Verition Fund Management LLC now owns 61,780 shares of the industrial products company’s stock worth $2,448,000 after purchasing an additional 30,805 shares during the period. Crestline Management LP purchased a new stake in Colfax in the fourth quarter worth $2,739,000. Finally, TIAA CREF Investment Management LLC grew its stake in Colfax by 0.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,199,286 shares of the industrial products company’s stock worth $47,516,000 after purchasing an additional 10,230 shares during the period. 77.54% of the stock is currently owned by institutional investors.
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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.
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