A. Lynne Puckett Sells 21,037 Shares of Colfax Corp. (CFX) Stock
Colfax Corp. (NYSE:CFX) SVP A. Lynne Puckett sold 21,037 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $31.00, for a total transaction of $652,147.00. Following the sale, the senior vice president now directly owns 20,370 shares in the company, valued at approximately $631,470. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Colfax Corp. (NYSE:CFX) opened at 30.61 on Tuesday. Colfax Corp. has a 12-month low of $18.22 and a 12-month high of $33.63. The firm’s 50-day moving average is $29.81 and its 200-day moving average is $28.86. The firm has a market cap of $3.75 billion, a PE ratio of 30.34 and a beta of 1.59.
Colfax Corp. (NYSE:CFX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company earned $957.20 million during the quarter, compared to analysts’ expectations of $943.50 million. Colfax Corp. had a return on equity of 5.55% and a net margin of 3.23%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. Equities analysts expect that Colfax Corp. will post $0.71 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of CFX. Landscape Capital Management L.L.C. purchased a new stake in shares of Colfax Corp. during the second quarter worth about $235,000. Hsbc Holdings PLC boosted its stake in shares of Colfax Corp. by 15.9% in the second quarter. Hsbc Holdings PLC now owns 9,214 shares of the company’s stock worth $244,000 after buying an additional 1,262 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Colfax Corp. by 506.3% in the second quarter. Pacer Advisors Inc. now owns 10,229 shares of the company’s stock worth $270,000 after buying an additional 8,542 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Colfax Corp. during the second quarter worth about $270,000. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Colfax Corp. during the second quarter worth about $277,000. Institutional investors and hedge funds own 78.33% of the company’s stock.
Several brokerages recently weighed in on CFX. Zacks Investment Research cut shares of Colfax Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Citigroup Inc. raised their target price on shares of Colfax Corp. from $25.00 to $26.00 and gave the company a “sell” rating in a report on Friday, July 29th. Barclays PLC reaffirmed an “equal weight” rating and issued a $28.00 target price (up previously from $26.00) on shares of Colfax Corp. in a report on Monday, July 18th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Colfax Corp. in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.17.
About Colfax Corp.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under Howden, ESAB and Colfax Fluid Handling brand names. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology.
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