Colfax Corporation (CFX) Stake Maintained by First Quadrant L P CA
First Quadrant L P CA maintained its position in Colfax Corporation (NYSE:CFX) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,900 shares of the industrial products company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Colfax Corporation were worth $154,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Colfax Corporation by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 7,316 shares of the industrial products company’s stock worth $287,000 after buying an additional 254 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Colfax Corporation by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 49,985 shares of the industrial products company’s stock worth $1,962,000 after buying an additional 256 shares in the last quarter. Aperio Group LLC increased its position in Colfax Corporation by 0.6% in the second quarter. Aperio Group LLC now owns 53,565 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 337 shares in the last quarter. Credit Suisse AG increased its position in Colfax Corporation by 0.6% in the first quarter. Credit Suisse AG now owns 59,641 shares of the industrial products company’s stock worth $2,342,000 after buying an additional 358 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Colfax Corporation by 2.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,295 shares of the industrial products company’s stock worth $679,000 after buying an additional 400 shares in the last quarter. Institutional investors own 77.27% of the company’s stock.
Shares of Colfax Corporation (NYSE CFX) traded down 0.19% during midday trading on Thursday, reaching $41.10. 194,483 shares of the company’s stock traded hands. The firm has a market cap of $5.06 billion, a PE ratio of 32.34 and a beta of 1.37. The stock has a 50-day moving average price of $39.94 and a 200 day moving average price of $39.56. Colfax Corporation has a 12 month low of $27.75 and a 12 month high of $42.75.
Colfax Corporation (NYSE:CFX) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.43. Colfax Corporation had a net margin of 4.35% and a return on equity of 6.40%. The business had revenue of $965.83 million during the quarter, compared to the consensus estimate of $940.31 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Colfax Corporation will post $1.74 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/03/colfax-corporation-cfx-stake-maintained-by-first-quadrant-l-p-ca.html.
Several equities research analysts recently issued reports on CFX shares. Zacks Investment Research upgraded shares of Colfax Corporation from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research note on Tuesday, May 16th. Barclays PLC raised their target price on shares of Colfax Corporation from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Colfax Corporation in a research note on Monday, April 17th. Robert W. Baird raised their target price on shares of Colfax Corporation from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, May 8th. Finally, Credit Suisse Group started coverage on shares of Colfax Corporation in a research note on Thursday, May 18th. They issued an “outperform” rating and a $47.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.00.
In other Colfax Corporation news, SVP A. Lynne Puckett sold 10,882 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $40.14, for a total value of $436,803.48. Following the transaction, the senior vice president now directly owns 40,907 shares in the company, valued at $1,642,006.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 11,547 shares of company stock worth $463,265. Corporate insiders own 10.60% of the company’s stock.
About Colfax Corporation
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.
Want to see what other hedge funds are holding CFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colfax Corporation (NYSE:CFX).
Receive News & Stock Ratings for Colfax Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax Corporation and related stocks with our FREE daily email newsletter.