Parallel Advisors LLC boosted its holdings in shares of Colfax Corp (NYSE:CFX) by 176.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,252 shares of the industrial products company’s stock after buying an additional 799 shares during the period. Parallel Advisors LLC’s holdings in Colfax were worth $35,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Colfax by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,854,275 shares of the industrial products company’s stock valued at $80,552,000 after purchasing an additional 722,975 shares during the period. Norges Bank acquired a new position in Colfax in the fourth quarter valued at approximately $10,494,000. Geode Capital Management LLC raised its holdings in Colfax by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 938,320 shares of the industrial products company’s stock worth $19,610,000 after purchasing an additional 90,429 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Colfax by 7.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 27,186 shares of the industrial products company’s stock worth $807,000 after purchasing an additional 1,806 shares during the period. Finally, LS Investment Advisors LLC acquired a new stake in Colfax in the first quarter worth $151,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.
Shares of CFX stock traded up $0.08 during trading hours on Wednesday, hitting $24.85. 2,484 shares of the company’s stock were exchanged, compared to its average volume of 1,489,778. The company has a current ratio of 2.27, a quick ratio of 1.90 and a debt-to-equity ratio of 1.29. Colfax Corp has a 12-month low of $18.95 and a 12-month high of $37.05. The company has a market capitalization of $3.05 billion, a PE ratio of 10.71, a PEG ratio of 1.10 and a beta of 1.60. The business’s 50 day simple moving average is $26.72 and its 200-day simple moving average is $27.38.
Several research firms have weighed in on CFX. Seaport Global Securities reiterated a “buy” rating on shares of Colfax in a report on Monday, August 12th. Raymond James reissued a “buy” rating and issued a $21.00 price objective on shares of Colfax in a research report on Thursday, May 2nd. KeyCorp decreased their price objective on shares of Colfax from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank set a $28.00 price objective on shares of Colfax and gave the company a “hold” rating in a research report on Wednesday, July 10th. Finally, Morgan Stanley reduced their target price on shares of Colfax from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Colfax presently has an average rating of “Buy” and a consensus price target of $29.75.
In other Colfax news, CEO Matthew L. Trerotola sold 18,589 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $28.51, for a total transaction of $529,972.39. Following the completion of the sale, the chief executive officer now directly owns 225,604 shares of the company’s stock, valued at approximately $6,431,970.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher M. Hix sold 4,750 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $27.08, for a total value of $128,630.00. Following the sale, the chief financial officer now directly owns 29,841 shares of the company’s stock, valued at $808,094.28. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.
Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.
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