Colfax Corporation (CFX) Position Raised by Quantbot Technologies LP
Quantbot Technologies LP boosted its position in shares of Colfax Corporation (NYSE:CFX) by 25.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,579 shares of the industrial products company’s stock after purchasing an additional 4,365 shares during the period. Quantbot Technologies LP’s holdings in Colfax Corporation were worth $898,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its holdings in Colfax Corporation by 4,167.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 2,542 shares in the last quarter. Toronto Dominion Bank bought a new position in Colfax Corporation during the 2nd quarter valued at $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Colfax Corporation by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 323 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Colfax Corporation by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 251 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in Colfax Corporation during the 3rd quarter valued at $225,000. 76.07% of the stock is owned by institutional investors and hedge funds.
Colfax Corporation (NYSE:CFX) opened at $36.47 on Thursday. The company has a market cap of $4,469.10, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80. Colfax Corporation has a 52 week low of $33.31 and a 52 week high of $43.29.
Colfax Corporation (NYSE:CFX) last released its earnings results on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $844.50 million for the quarter, compared to analysts’ expectations of $901.09 million. Colfax Corporation had a net margin of 4.89% and a return on equity of 6.26%. Colfax Corporation’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. equities research analysts forecast that Colfax Corporation will post 1.72 earnings per share for the current year.
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In other news, SVP Stephen Wittig sold 29,189 shares of Colfax Corporation stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $39.30, for a total value of $1,147,127.70. Following the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.60% of the company’s stock.
A number of research analysts have commented on CFX shares. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Colfax Corporation in a research note on Wednesday, September 27th. Argus reiterated a “buy” rating and set a $50.00 price objective on shares of Colfax Corporation in a research note on Tuesday, August 29th. Citigroup Inc. reiterated a “sell” rating and set a $40.00 price objective (up from $39.00) on shares of Colfax Corporation in a research note on Monday, October 9th. Cowen and Company downgraded shares of Colfax Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.40.
About Colfax Corporation
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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