Colfax Co. (NYSE:CFX) insider Shyam Kambeyanda sold 873 shares of the business’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $32.48, for a total value of $28,355.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Colfax traded down $0.19, reaching $32.01, on Tuesday, MarketBeat reports. 818,800 shares of the company’s stock traded hands, compared to its average volume of 788,044. Colfax Co. has a 12-month low of $31.76 and a 12-month high of $32.09. The company has a current ratio of 1.97, a quick ratio of 1.52 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.02 and a beta of 1.27.
Colfax (NYSE:CFX) last issued its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Colfax had a return on equity of 6.13% and a net margin of 3.84%. The business had revenue of $881.00 million for the quarter, compared to the consensus estimate of $822.75 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Colfax’s revenue for the quarter was up 4.3% compared to the same quarter last year. sell-side analysts predict that Colfax Co. will post 2.15 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Arlington Partners LLC purchased a new position in Colfax in the fourth quarter valued at about $1,243,000. Eqis Capital Management Inc. grew its stake in Colfax by 10.8% in the fourth 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 in the last quarter. Bank of New York Mellon Corp grew its stake in Colfax by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 355,549 shares of the industrial products company’s stock valued at $14,086,000 after purchasing an additional 12,518 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Colfax by 49.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,264 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Swiss National Bank grew its stake in Colfax by 1.9% in the fourth quarter. Swiss National Bank now owns 157,200 shares of the industrial products company’s stock valued at $6,228,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 77.48% of the company’s stock.
CFX has been the topic of a number of recent research reports. Zacks Investment Research cut Colfax from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. KeyCorp decreased their target price on Colfax from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, May 4th. Stifel Nicolaus decreased their target price on Colfax from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Citigroup decreased their target price on Colfax from $30.00 to $28.00 and set a “sell” rating on the stock in a report on Friday, May 4th. Finally, ValuEngine cut Colfax from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Colfax currently has a consensus rating of “Hold” and a consensus target price of $40.48.
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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