Shares of Colfax Corp (NYSE:CFX) gapped down prior to trading on Thursday . The stock had previously closed at $26.97, but opened at $26.42. Colfax shares last traded at $25.09, with a volume of 174367 shares.

CFX has been the topic of a number of research reports. Goldman Sachs Group initiated coverage on shares of Colfax in a research note on Friday, April 5th. They issued a “buy” rating and a $34.00 price objective on the stock. Oppenheimer reiterated a “buy” rating on shares of Colfax in a research note on Thursday, February 14th. Raymond James reiterated a “buy” rating and issued a $21.00 price objective on shares of Colfax in a research note on Monday, April 22nd. Barclays upgraded shares of Colfax from an “underweight” rating to an “equal weight” rating and set a $28.70 price objective on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. Finally, Gabelli reiterated a “buy” rating on shares of Colfax in a research note on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.05.

The firm has a market capitalization of $3.11 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.57. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 1.12.

Colfax (NYSE:CFX) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Colfax had a net margin of 1.68% and a return on equity of 8.16%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, analysts anticipate that Colfax Corp will post 2.58 EPS for the current fiscal year.

In related news, CEO Ian Brander sold 4,260 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $27.01, for a total transaction of $115,062.60. Following the sale, the chief executive officer now directly owns 21,876 shares of the company’s stock, valued at $590,870.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Kambeyanda sold 11,764 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $26.27, for a total transaction of $309,040.28. Following the sale, the insider now directly owns 51,263 shares in the company, valued at $1,346,679.01. The disclosure for this sale can be found here. Corporate insiders own 12.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in Colfax by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,808 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 644 shares in the last quarter. Front Street Capital Management Inc. lifted its holdings in Colfax by 0.7% during the fourth quarter. Front Street Capital Management Inc. now owns 118,456 shares of the industrial products company’s stock valued at $2,476,000 after purchasing an additional 845 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Colfax during the fourth quarter valued at $27,000. Bridges Investment Management Inc. lifted its holdings in Colfax by 4.2% during the first quarter. Bridges Investment Management Inc. now owns 34,410 shares of the industrial products company’s stock valued at $1,021,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Colfax by 13.7% during the fourth quarter. Stifel Financial Corp now owns 11,905 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 1,430 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Colfax (NYSE:CFX)

Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.

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