Colfax Co. (CFX) Insider Sells $28,355.04 in Stock

Colfax Co. (NYSE:CFX) insider Shyam Kambeyanda sold 873 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $32.48, for a total transaction of $28,355.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Colfax traded up $0.08, hitting $32.62, on Friday, Marketbeat reports. The company’s stock had a trading volume of 14,093 shares, compared to its average volume of 780,394. The firm has a market capitalization of $3.97 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.52. Colfax Co. has a one year low of $31.86 and a one year high of $32.30.

Colfax (NYSE:CFX) last announced its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The firm had revenue of $881.00 million for the quarter, compared to analyst estimates of $822.75 million. Colfax had a net margin of 3.84% and a return on equity of 6.13%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. analysts predict that Colfax Co. will post 2.15 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Lincoln Capital LLC boosted its stake in shares of Colfax by 11.5% in the 4th quarter. Lincoln Capital LLC now owns 161,563 shares of the industrial products company’s stock valued at $6,401,000 after purchasing an additional 16,712 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Colfax by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 501,115 shares of the industrial products company’s stock valued at $19,855,000 after purchasing an additional 29,932 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Colfax in the 4th quarter valued at $249,000. SeaBridge Investment Advisors LLC boosted its stake in shares of Colfax by 107.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 26,420 shares of the industrial products company’s stock valued at $1,047,000 after purchasing an additional 13,708 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake 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 purchasing an additional 1,455 shares in the last quarter. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

CFX has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. KeyCorp dropped their target price on shares of Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Gabelli raised shares of 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. Robert W. Baird dropped their target price on shares of Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Colfax in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Colfax presently has an average rating of “Hold” and a consensus price target of $40.48.

Colfax Company 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.

Insider Buying and Selling by Quarter for Colfax (NYSE:CFX)

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