Colfax Co. (NYSE:CFX) was the target of some unusual options trading on Monday. Traders bought 14,185 put options on the company. This is an increase of approximately 1,427% compared to the typical volume of 929 put options.

A number of equities analysts have recently commented on CFX shares. Morgan Stanley boosted their price target on Colfax from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays reissued an “underweight” rating and issued a $45.00 target price (down previously from $48.00) on shares of Colfax in a report on Tuesday, April 13th. KeyCorp lifted their price target on shares of Colfax from $47.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, March 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Colfax from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, March 12th. Finally, TheStreet raised shares of Colfax from a “c” rating to a “b-” rating in a research note on Monday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Colfax currently has an average rating of “Hold” and a consensus price target of $40.58.

In other news, CFO Christopher M. Hix sold 18,206 shares of the business’s stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $46.74, for a total value of $850,948.44. Following the completion of the transaction, the chief financial officer now directly owns 81,522 shares in the company, valued at approximately $3,810,338.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Shyam Kambeyanda sold 11,897 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $46.74, for a total transaction of $556,065.78. Following the sale, the executive vice president now directly owns 86,752 shares of the company’s stock, valued at approximately $4,054,788.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,524 shares of company stock valued at $1,886,484. 12.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Cooke & Bieler LP lifted its stake in Colfax by 2.5% during the 4th quarter. Cooke & Bieler LP now owns 6,337,233 shares of the industrial products company’s stock valued at $242,336,000 after acquiring an additional 154,193 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Colfax by 0.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,543,356 shares of the industrial products company’s stock worth $135,498,000 after buying an additional 27,092 shares in the last quarter. Cardinal Capital Management LLC CT grew its holdings in shares of Colfax by 11.5% in the fourth quarter. Cardinal Capital Management LLC CT now owns 3,046,315 shares of the industrial products company’s stock valued at $116,491,000 after acquiring an additional 314,849 shares in the last quarter. Royce & Associates LP increased its position in shares of Colfax by 0.4% during the fourth quarter. Royce & Associates LP now owns 2,685,331 shares of the industrial products company’s stock valued at $102,687,000 after acquiring an additional 11,652 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in Colfax by 15.8% in the fourth quarter. DAVENPORT & Co LLC now owns 1,643,557 shares of the industrial products company’s stock worth $62,850,000 after purchasing an additional 224,197 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Shares of NYSE CFX opened at $43.66 on Tuesday. The firm has a market cap of $5.91 billion, a PE ratio of -873.20, a P/E/G ratio of 2.61 and a beta of 2.15. The company’s fifty day simple moving average is $44.85 and its 200 day simple moving average is $39.66. The company has a quick ratio of 0.96, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. Colfax has a 12-month low of $22.30 and a 12-month high of $50.26.

Colfax (NYSE:CFX) last announced its quarterly earnings results on Thursday, April 29th. The industrial products company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Colfax had a negative net margin of 0.24% and a positive return on equity of 6.04%. On average, equities analysts predict that Colfax will post 1.38 earnings per share for the current year.

Colfax Company Profile

Colfax Corporation operates as a diversified technology company worldwide. The company operates in two segments, Fabrication Technology and Medical Technology. The Fabrication Technology segment formulates, develops, manufactures, and supplies consumable products and equipment, including cutting, joining, and automated welding products, as well as gas control equipment.

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