Crestline Management LP purchased a new stake in Colfax Corp (NYSE:CFX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69,142 shares of the industrial products company’s stock, valued at approximately $2,739,000. Crestline Management LP owned 0.06% of Colfax as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FNY Managed Accounts LLC acquired a new position in Colfax in the 3rd quarter valued at approximately $160,000. Arlington Partners LLC acquired a new position in Colfax in the 4th quarter valued at approximately $1,243,000. Prudential Financial Inc. increased its position in Colfax by 19.6% in the 3rd quarter. Prudential Financial Inc. now owns 34,755 shares of the industrial products company’s stock valued at $1,447,000 after acquiring an additional 5,700 shares during the period. Eqis Capital Management Inc. increased its position in Colfax by 10.8% in the 4th quarter. Eqis Capital Management Inc. now owns 14,986 shares of the industrial products company’s stock valued at $594,000 after acquiring an additional 1,455 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Colfax by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,737,287 shares of the industrial products company’s stock valued at $113,984,000 after acquiring an additional 10,709 shares during the period. Hedge funds and other institutional investors own 77.63% of the company’s stock.
Several research firms have recently weighed in on CFX. Robert W. Baird decreased their price objective on shares of Colfax from $47.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Seaport Global Securities reiterated a “buy” rating on shares of Colfax in a research report on Wednesday, February 7th. KeyCorp decreased their price objective on shares of Colfax from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Zacks Investment Research cut shares of Colfax from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus decreased their price objective on shares of Colfax from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.74.
Shares of Colfax Corp (NYSE:CFX) traded down $0.05 during midday trading on Wednesday, reaching $33.26. 13,248 shares of the company traded hands, compared to its average volume of 865,962. The company has a market capitalization of $4,070.00, a price-to-earnings ratio of -53.73, a PEG ratio of 1.18 and a beta of 1.32. Colfax Corp has a fifty-two week low of $31.26 and a fifty-two week high of $43.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.49 and a current ratio of 1.89.
Colfax (NYSE:CFX) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $874.00 million for the quarter, compared to analyst estimates of $894.02 million. Colfax had a net margin of 4.28% and a return on equity of 5.95%. Colfax’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. equities analysts anticipate that Colfax Corp will post 2.12 EPS for the current year.
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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.
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