Teachers Advisors LLC lowered its holdings in shares of Colfax Corp (NYSE:CFX) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,295,087 shares of the industrial products company’s stock after selling 371,048 shares during the period. Teachers Advisors LLC owned 1.05% of Colfax worth $51,311,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CFX. The Manufacturers Life Insurance Company boosted its stake in Colfax by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 251 shares during the period. Nationwide Fund Advisors boosted its stake in Colfax by 752.0% during the 3rd quarter. Nationwide Fund Advisors now owns 164,055 shares of the industrial products company’s stock worth $6,831,000 after purchasing an additional 144,800 shares during the period. Prudential Financial Inc. boosted its stake in Colfax by 19.6% during the 3rd quarter. Prudential Financial Inc. now owns 34,755 shares of the industrial products company’s stock worth $1,447,000 after purchasing an additional 5,700 shares during the period. Sei Investments Co. lifted its stake in shares of Colfax by 1,025.9% in the 3rd quarter. Sei Investments Co. now owns 11,327 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 10,321 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Colfax by 4.0% in the 3rd quarter. New York State Common Retirement Fund now owns 198,600 shares of the industrial products company’s stock worth $8,270,000 after acquiring an additional 7,600 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Shares of Colfax stock opened at $32.73 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.89 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. The company has a market cap of $4,036.53, a PE ratio of 27.05, a P/E/G ratio of 1.15 and a beta of 1.33.
Colfax (NYSE:CFX) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colfax had a net margin of 4.28% and a return on equity of 5.95%. The firm had revenue of $874.00 million during the quarter, compared to analysts’ expectations of $894.02 million. During the same quarter last year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts forecast that Colfax Corp will post 2.12 EPS for the current fiscal year.
In related news, SVP A. Lynne Puckett sold 770 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.46, for a total value of $25,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel A. Pryor sold 53,333 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the completion of the sale, the executive vice president now owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The disclosure for this sale can be found here. Insiders sold 64,778 shares of company stock valued at $2,479,637 in the last quarter. Company insiders own 10.60% of the company’s stock.
Several analysts have recently commented on CFX shares. Zacks Investment Research cut shares of Colfax from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Longbow Research upgraded shares of Colfax from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Stifel Nicolaus restated a “buy” rating and issued a $48.00 target price (up previously from $44.00) on shares of Colfax in a research note on Tuesday, January 16th. Gabelli upgraded shares of Colfax from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Oppenheimer restated a “hold” rating on shares of Colfax in a research note on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.74.
WARNING: “Teachers Advisors LLC Sells 371,048 Shares of Colfax Corp (CFX)” was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2018/03/19/teachers-advisors-llc-sells-371048-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.
Want to see what other hedge funds are holding CFX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colfax Corp (NYSE:CFX).
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.