UBS Asset Management Americas Inc. grew its holdings in shares of Colfax Corp (NYSE:CFX) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303,183 shares of the industrial products company’s stock after buying an additional 4,600 shares during the period. UBS Asset Management Americas Inc. owned 0.25% of Colfax worth $12,012,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in shares of Colfax during the 3rd quarter valued at $160,000. Arlington Partners LLC acquired a new stake in shares of Colfax in the 4th quarter valued at $1,243,000. Prudential Financial Inc. lifted its stake in shares of Colfax by 19.6% in the 3rd quarter. Prudential Financial Inc. now owns 34,755 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 5,700 shares during the last quarter. Eqis Capital Management Inc. lifted its stake in shares of Colfax by 10.8% in the 4th quarter. Eqis Capital Management Inc. now owns 14,986 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Colfax by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,737,287 shares of the industrial products company’s stock worth $113,984,000 after acquiring an additional 10,709 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors.
Colfax Corp (CFX) traded down $0.14 during mid-day trading on Wednesday, reaching $33.17. 956,207 shares of the company’s stock traded hands, compared to its average volume of 885,046. The company has a market cap of $4,070.00, a price-to-earnings ratio of -53.73, a P/E/G ratio of 1.18 and a beta of 1.32. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 0.28. Colfax Corp has a 52-week low of $31.26 and a 52-week high of $43.29.
Colfax (NYSE:CFX) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $874.00 million for the quarter, compared to the consensus estimate of $894.02 million. Colfax had a net margin of 4.28% and a return on equity of 5.95%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. equities research analysts forecast that Colfax Corp will post 2.12 EPS for the current fiscal year.
A number of research analysts have weighed in on CFX shares. Seaport Global Securities reissued a “buy” rating on shares of Colfax in a research report on Wednesday, February 7th. Gabelli upgraded shares of Colfax from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Stifel Nicolaus reduced their price target on shares of Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Longbow Research upgraded shares of Colfax from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Argus restated a “buy” rating and issued a $33.36 price objective (down from $40.00) on shares of Colfax in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.74.
In other news, CEO Ian Brander sold 1,240 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.46, for a total value of $41,490.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP A. Lynne Puckett sold 7,270 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $42.01, for a total transaction of $305,412.70. The disclosure for this sale can be found here. Insiders have sold a total of 64,295 shares of company stock worth $2,463,601 in the last quarter. 10.60% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: This news story was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2018/03/14/ubs-asset-management-americas-inc-buys-4600-shares-of-colfax-corp-cfx.html.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.
Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.