Colfax Corp (CFX) Position Lifted by Oakview Capital Management L.P.
Oakview Capital Management L.P. increased its position in shares of Colfax Corp (NYSE:CFX) by 5.1% during the third quarter, HoldingsChannel.com reports. The fund owned 699,831 shares of the industrial products company’s stock after acquiring an additional 34,111 shares during the quarter. Colfax accounts for approximately 9.0% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 3rd largest position. Oakview Capital Management L.P.’s holdings in Colfax were worth $25,236,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Colfax during the third quarter worth about $3,601,000. Janney Montgomery Scott LLC acquired a new position in Colfax during the third quarter worth about $799,000. Gamco Investors INC. ET AL grew its holdings in Colfax by 39.1% during the third quarter. Gamco Investors INC. ET AL now owns 18,184 shares of the industrial products company’s stock worth $656,000 after acquiring an additional 5,107 shares during the period. Wells Fargo & Company MN grew its holdings in Colfax by 10.1% during the third quarter. Wells Fargo & Company MN now owns 364,927 shares of the industrial products company’s stock worth $13,159,000 after acquiring an additional 33,613 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Colfax by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,126,083 shares of the industrial products company’s stock valued at $148,786,000 after purchasing an additional 84,025 shares during the period. 80.01% of the stock is currently owned by hedge funds and other institutional investors.
In other Colfax news, SVP Jason Maclean sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $29.06, for a total transaction of $32,547.20. Following the completion of the sale, the senior vice president now directly owns 9,716 shares in the company, valued at approximately $282,346.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.20% of the company’s stock.
NYSE:CFX opened at $28.04 on Tuesday. Colfax Corp has a 1-year low of $26.25 and a 1-year high of $42.08. The firm has a market capitalization of $3.29 billion, a P/E ratio of 16.11, a P/E/G ratio of 0.93 and a beta of 1.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.83 and a quick ratio of 1.37.
Colfax (NYSE:CFX) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Colfax had a return on equity of 6.97% and a net margin of 3.03%. The firm had revenue of $875.37 million during the quarter, compared to analyst estimates of $893.38 million. Research analysts expect that Colfax Corp will post 2.25 EPS for the current fiscal year.
Colfax Company Profile
Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.
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