Public Employees Retirement System of Ohio lessened its stake in Colfax Corporation (NYSE:CFX) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,183 shares of the industrial products company’s stock after selling 5,802 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Colfax Corporation were worth $1,739,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CFX. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Colfax Corporation by 4,167.2% in 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 buying an additional 2,542 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Colfax Corporation by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after buying an additional 323 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Colfax Corporation by 7.3% in 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 buying an additional 251 shares during the period. M&T Bank Corp lifted its holdings in shares of Colfax Corporation by 0.7% in the 2nd quarter. M&T Bank Corp now owns 5,510 shares of the industrial products company’s stock valued at $216,000 after buying an additional 41 shares during the period. Finally, Petrus Trust Company LTA acquired a new position in shares of Colfax Corporation in the 2nd quarter valued at about $236,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Colfax Corporation (NYSE CFX) opened at $42.33 on Monday. The firm has a market capitalization of $5,208.12, a PE ratio of 25.97, a P/E/G ratio of 2.57 and a beta of 1.30. Colfax Corporation has a fifty-two week low of $31.33 and a fifty-two week high of $43.29. The company has a quick ratio of 1.31, a current ratio of 1.71 and a debt-to-equity ratio of 0.39.

Several brokerages have recently issued reports on CFX. KeyCorp reissued a “buy” rating and issued a $46.00 price objective on shares of Colfax Corporation in a report on Tuesday, September 26th. Wolfe Research began coverage on Colfax Corporation in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Citigroup Inc. reissued a “sell” rating and issued a $40.00 price objective (up previously from $39.00) on shares of Colfax Corporation in a report on Monday, October 9th. Zacks Investment Research raised Colfax Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday, July 17th. Finally, Argus reissued a “buy” rating and issued a $50.00 price objective on shares of Colfax Corporation in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.50.

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In related news, SVP Stephen Wittig sold 29,189 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

Colfax Corporation 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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Institutional Ownership by Quarter for Colfax Corporation (NYSE:CFX)

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