Colfax Corporation (CFX) Position Maintained by Mesirow Financial Investment Management Equity Management
Mesirow Financial Investment Management Equity Management held its stake in shares of Colfax Corporation (NYSE:CFX) during the second quarter, Holdings Channel reports. The firm owned 42,385 shares of the industrial products company’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Colfax Corporation were worth $1,668,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. M&T Bank Corp purchased a new stake in shares of Colfax Corporation during the first quarter valued at $214,000. Fox Run Management L.L.C. purchased a new stake in shares of Colfax Corporation during the first quarter valued at $251,000. Alambic Investment Management L.P. purchased a new stake in shares of Colfax Corporation during the first quarter valued at $254,000. Laurion Capital Management LP purchased a new stake in shares of Colfax Corporation during the first quarter valued at $263,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Colfax Corporation during the first quarter valued at $268,000. 77.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Colfax Corporation (NYSE:CFX) opened at 40.68 on Thursday. Colfax Corporation has a 12-month low of $27.76 and a 12-month high of $42.75. The stock has a market cap of $5.01 billion, a P/E ratio of 32.01 and a beta of 1.37. The company’s 50-day moving average is $40.16 and its 200-day moving average is $39.69.
Colfax Corporation (NYSE:CFX) last released its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. The business had revenue of $965.83 million for the quarter, compared to analysts’ expectations of $940.31 million. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.30%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. On average, analysts expect that Colfax Corporation will post $1.73 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on the stock. Barclays PLC set a $40.00 target price on shares of Colfax Corporation and gave the company a “hold” rating in a report on Saturday, May 6th. Zacks Investment Research downgraded shares of Colfax Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Colfax Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Robert W. Baird raised shares of Colfax Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $47.00 to $50.00 in a report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Colfax Corporation in a report on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Colfax Corporation has an average rating of “Buy” and an average price target of $46.00.
In other Colfax Corporation news, SVP A. Lynne Puckett sold 10,882 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $40.14, for a total transaction of $436,803.48. Following the transaction, the senior vice president now owns 40,907 shares of the company’s stock, valued at approximately $1,642,006.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel A. Pryor sold 3,574 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total transaction of $146,998.62. Following the transaction, the executive vice president now directly owns 40,224 shares in the company, valued at approximately $1,654,413.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,560 shares of company stock worth $628,319. 10.60% of the stock is owned by corporate insiders.
Colfax Corporation Company Profile
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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