Colfax Co. (NYSE:CFX) Director Rajiv Vinnakota sold 483 shares of Colfax stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:CFX traded down $1.52 on Friday, hitting $30.41. The company had a trading volume of 540,831 shares, 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 company has a market cap of $3,750.40, a P/E ratio of 17.48, a P/E/G ratio of 1.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.49.
Colfax (NYSE:CFX) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colfax had a net margin of 4.28% and a return on equity of 5.95%. The firm had revenue of $874.00 million for the quarter, compared to the consensus estimate of $894.02 million. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts expect that Colfax Co. will post 2.1 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Colfax by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 251 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Colfax in the third quarter valued at about $160,000. Valeo Financial Advisors LLC acquired a new position in shares of Colfax in the third quarter valued at about $177,000. Godshalk Welsh Capital Management Inc. acquired a new position in shares of Colfax in the third quarter valued at about $206,000. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Colfax by 225.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 3,583 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.
A number of analysts have recently commented on the stock. Stifel Nicolaus reissued 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. Zacks Investment Research upgraded shares of Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Tuesday, January 9th. Gabelli upgraded shares of 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. KeyCorp lowered their target price on shares of Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. Finally, Robert W. Baird lowered their target price on shares of Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.44.
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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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