Colfax Corp (CFX) Shares Sold by Lafayette Investments Inc.

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Lafayette Investments Inc. trimmed its holdings in shares of Colfax Corp (NYSE:CFX) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,860 shares of the industrial products company’s stock after selling 18,450 shares during the quarter. Colfax makes up approximately 1.4% of Lafayette Investments Inc.’s investment portfolio, making the stock its 28th largest position. Lafayette Investments Inc.’s holdings in Colfax were worth $3,592,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Colfax during the 4th quarter worth approximately $112,000. TLP Group LLC raised its stake in shares of Colfax by 166,250.0% during the 3rd quarter. TLP Group LLC now owns 3,327 shares of the industrial products company’s stock worth $120,000 after buying an additional 3,325 shares during the period. Signition LP acquired a new position in shares of Colfax during the 4th quarter worth approximately $209,000. Quantamental Technologies LLC acquired a new position in shares of Colfax during the 4th quarter worth approximately $220,000. Finally, Jane Street Group LLC purchased a new stake in shares of Colfax during the second quarter worth approximately $231,000. 76.82% of the stock is owned by institutional investors and hedge funds.

Shares of CFX traded up $0.43 during trading hours on Tuesday, hitting $24.82. 3,082 shares of the stock were exchanged, compared to its average volume of 2,500,912. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.83. Colfax Corp has a 12-month low of $18.95 and a 12-month high of $37.05. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.66 and a beta of 1.62.

Several brokerages recently commented on CFX. Oppenheimer dropped their price target on Colfax from $37.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 20th. Argus dropped their price target on Colfax from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Robert W. Baird reiterated a “buy” rating and set a $35.00 price target on shares of Colfax in a research report on Monday, October 29th. Deutsche Bank set a $30.00 price target on Colfax and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Barclays dropped their price target on Colfax from $25.00 to $23.00 and set an “underweight” rating for the company in a research report on Monday, December 17th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Colfax has a consensus rating of “Hold” and a consensus price target of $30.93.

In other Colfax news, CEO Ian Brander sold 3,232 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $26.18, for a total value of $84,613.76. Following the completion of the sale, the chief executive officer now directly owns 26,136 shares in the company, valued at approximately $684,240.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP A. Lynne Puckett sold 2,540 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $26.18, for a total value of $66,497.20. Following the completion of the sale, the senior vice president now owns 54,818 shares of the company’s stock, valued at $1,435,135.24. The disclosure for this sale can be found here. Insiders have sold 28,325 shares of company stock valued at $632,843 over the last quarter. 10.20% of the stock is owned by company insiders.

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About Colfax

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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Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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