Geode Capital Management LLC raised its position in shares of Colfax Corp (NYSE:CFX) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 938,320 shares of the industrial products company’s stock after buying an additional 90,429 shares during the period. Geode Capital Management LLC’s holdings in Colfax were worth $19,610,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Front Street Capital Management Inc. increased its holdings in shares of Colfax by 0.7% during the fourth quarter. Front Street Capital Management Inc. now owns 118,456 shares of the industrial products company’s stock valued at $2,476,000 after acquiring an additional 845 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Colfax during the fourth quarter valued at about $27,000. Stifel Financial Corp increased its holdings in shares of Colfax by 13.7% during the fourth quarter. Stifel Financial Corp now owns 11,905 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 1,430 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Colfax by 10.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 16,486 shares of the industrial products company’s stock valued at $345,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Colfax by 23.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 11,293 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 2,136 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

CFX has been the topic of several research reports. Goldman Sachs Group initiated coverage on shares of Colfax in a report on Friday, April 5th. They issued a “buy” rating and a $34.00 price target on the stock. Oppenheimer reiterated a “buy” rating on shares of Colfax in a report on Thursday, February 14th. Barclays upgraded shares of Colfax from an “underweight” rating to an “equal weight” rating and set a $28.70 price target on the stock in a report on Friday, March 15th. They noted that the move was a valuation call. Raymond James reiterated a “buy” rating and issued a $25.00 price target on shares of Colfax in a report on Friday, February 22nd. Finally, Gabelli reiterated a “buy” rating on shares of Colfax in a report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.52.

Shares of CFX opened at $26.67 on Wednesday. Colfax Corp has a 52-week low of $18.95 and a 52-week high of $37.05. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.53 and a quick ratio of 1.06.

Colfax (NYSE:CFX) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.04 billion. Colfax had a return on equity of 8.16% and a net margin of 1.68%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. On average, sell-side analysts forecast that Colfax Corp will post 2.58 EPS for the current fiscal year.

In related news, insider Shyam Kambeyanda sold 11,764 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $26.27, for a total transaction of $309,040.28. Following the completion of the sale, the insider now directly owns 51,263 shares of the company’s stock, valued at approximately $1,346,679.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.00% of the stock is currently owned by company insiders.

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Colfax Company Profile

Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.

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Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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