Colfax Corp (CFX) SVP Sells $305,412.70 in Stock

Colfax Corp (NYSE:CFX) SVP A. Lynne Puckett sold 7,270 shares of Colfax stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $42.01, for a total transaction of $305,412.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Colfax Corp (NYSE CFX) traded down $0.12 during trading hours on Thursday, reaching $41.27. 464,355 shares of the company were exchanged, compared to its average volume of 584,325. Colfax Corp has a 1 year low of $33.31 and a 1 year high of $43.29. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5,090.00, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 1.57 and a beta of 1.26.

Colfax (NYSE:CFX) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The firm had revenue of $844.50 million for the quarter, compared to analyst estimates of $901.09 million. During the same period last year, the firm posted $0.39 EPS. Colfax’s quarterly revenue was up 10.2% on a year-over-year basis. equities research analysts anticipate that Colfax Corp will post 1.71 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 target price on shares of Colfax in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Colfax from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $50.00 target price on shares of Colfax in a report on Friday, October 27th. Oppenheimer reaffirmed a “hold” rating on shares of Colfax in a report on Thursday, November 30th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $46.00 target price on shares of Colfax in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Managed Accounts LLC purchased a new stake in shares of Colfax during the 3rd quarter worth $160,000. Prudential Financial Inc. boosted its position in shares of Colfax by 19.6% during the 3rd quarter. Prudential Financial Inc. now owns 34,755 shares of the industrial products company’s stock worth $1,447,000 after purchasing an additional 5,700 shares in the last quarter. BlackRock Inc. boosted its position in shares of Colfax by 1.7% during the 2nd quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock worth $164,353,000 after purchasing an additional 70,676 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Colfax by 19.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 929,474 shares of the industrial products company’s stock worth $36,593,000 after purchasing an additional 153,710 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Colfax during the 2nd quarter worth $327,000. Institutional investors own 74.89% of the company’s stock.

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About Colfax

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.

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

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