NEXT Financial Group Inc continued to hold its stake in shares of Colfax Corp (NYSE:CFX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,709 shares of the industrial products company’s stock at the end of the second quarter. NEXT Financial Group Inc’s holdings in Colfax Corp were worth $107,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in CFX. BlackRock Inc. raised its position in shares of Colfax Corp by 13,409.0% in the first quarter. BlackRock Inc. now owns 4,103,892 shares of the industrial products company’s stock worth $161,119,000 after buying an additional 4,073,513 shares during the period. Norges Bank bought a new position in shares of Colfax Corp during the fourth quarter worth $49,248,000. FMR LLC raised its position in shares of Colfax Corp by 32.8% in the first quarter. FMR LLC now owns 4,243,210 shares of the industrial products company’s stock worth $166,588,000 after buying an additional 1,048,360 shares during the period. Point72 Asset Management L.P. raised its position in shares of Colfax Corp by 1,233.6% in the first quarter. Point72 Asset Management L.P. now owns 904,200 shares of the industrial products company’s stock worth $35,499,000 after buying an additional 836,400 shares during the period. Finally, FIL Ltd raised its position in shares of Colfax Corp by 394.3% in the first quarter. FIL Ltd now owns 595,866 shares of the industrial products company’s stock worth $23,394,000 after buying an additional 475,318 shares during the period. Hedge funds and other institutional investors own 77.32% of the company’s stock.
Shares of Colfax Corp (NYSE:CFX) traded up 0.40% during trading on Friday, hitting $40.01. 425,942 shares of the stock were exchanged. Colfax Corp has a 12-month low of $27.76 and a 12-month high of $42.75. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 31.48 and a beta of 1.37. The stock’s 50 day moving average is $40.24 and its 200-day moving average is $39.69.
Colfax Corp (NYSE:CFX) last posted its earnings results on Friday, July 28th. The industrial products company reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $965.83 million during the quarter, compared to the consensus estimate of $940.31 million. Colfax Corp had a net margin of 6.05% and a return on equity of 6.94%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Colfax Corp will post $1.73 EPS for the current year.
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CFX has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Colfax Corp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Seaport Global Securities reiterated a “buy” rating on shares of Colfax Corp in a report on Wednesday, June 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price target on shares of Colfax Corp in a report on Monday, April 17th. Zacks Investment Research upgraded shares of Colfax Corp from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, July 17th. Finally, Barclays PLC lifted their price target on shares of Colfax Corp from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, April 19th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Colfax Corp presently has a consensus rating of “Buy” and an average price target of $46.00.
In related news, SVP A. Lynne Puckett sold 10,882 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $40.14, for a total transaction of $436,803.48. Following the completion of the transaction, the senior vice president now directly owns 40,907 shares in the company, valued at approximately $1,642,006.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel A. Pryor sold 3,574 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $41.13, for a total transaction of $146,998.62. Following the transaction, the executive vice president now owns 40,224 shares of the company’s stock, valued at $1,654,413.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,560 shares of company stock valued at $628,319. 10.60% of the stock is owned by 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 customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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