Gargoyle Investment Advisor L.L.C. reduced its stake in shares of Colfax Corp. (NYSE:CFX) by 15.6% during the second quarter, Holdings Channel reports. The institutional investor owned 26,981 shares of the company’s stock after selling 5,000 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Colfax Corp. were worth $714,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Moody Aldrich Partners LLC increased its position in shares of Colfax Corp. by 133.4% in the second quarter. Moody Aldrich Partners LLC now owns 30,255 shares of the company’s stock worth $801,000 after buying an additional 17,295 shares during the last quarter. Strs Ohio purchased a new position in shares of Colfax Corp. during the second quarter worth about $13,230,000. Seven Bridges Advisors LLC increased its position in shares of Colfax Corp. by 21.0% in the second quarter. Seven Bridges Advisors LLC now owns 19,720 shares of the company’s stock worth $522,000 after buying an additional 3,418 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Colfax Corp. during the second quarter worth about $5,683,000. Finally, SeaBridge Investment Advisors LLC increased its position in shares of Colfax Corp. by 2.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 19,774 shares of the company’s stock worth $523,000 after buying an additional 454 shares during the last quarter. Institutional investors and hedge funds own 78.33% of the company’s stock.
Colfax Corp. (NYSE:CFX) traded up 2.95% during trading on Wednesday, hitting $31.09. 550,626 shares of the company traded hands. Colfax Corp. has a 52-week low of $18.22 and a 52-week high of $33.63. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 30.81 and a beta of 1.60. The company’s 50-day moving average is $29.80 and its 200 day moving average is $28.88.
Colfax Corp. (NYSE:CFX) last issued its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $957.20 million for the quarter, compared to analysts’ expectations of $943.50 million. Colfax Corp. had a net margin of 3.23% and a return on equity of 5.55%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts anticipate that Colfax Corp. will post $0.71 earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Colfax Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup Inc. boosted their target price on shares of Colfax Corp. from $25.00 to $26.00 and gave the stock a “sell” rating in a research report on Friday, July 29th. Cowen and Company reissued a “buy” rating on shares of Colfax Corp. in a research report on Friday, June 10th. Finally, Barclays PLC reissued an “equal weight” rating and set a $28.00 target price (up previously from $26.00) on shares of Colfax Corp. in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Colfax Corp. presently has a consensus rating of “Hold” and an average price target of $30.17.
In related news, SVP A. Lynne Puckett sold 21,037 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $31.00, for a total value of $652,147.00. Following the sale, the senior vice president now owns 20,370 shares of the company’s stock, valued at $631,470. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is currently owned by corporate insiders.
Colfax Corp. Company Profile
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under Howden, ESAB and Colfax Fluid Handling brand names. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology.
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