Mesirow Financial Investment Management Equity Management lowered its position in Colfax Corporation (NYSE:CFX) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,500 shares of the industrial products company’s stock after selling 1,885 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Colfax Corporation were worth $1,686,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Colfax Corporation by 1.1% in the second quarter. Principal Financial Group Inc. now owns 8,956,040 shares of the industrial products company’s stock worth $352,600,000 after buying an additional 95,361 shares during the last quarter. Vanguard Group Inc. grew its holdings in Colfax Corporation by 0.4% during the second quarter. Vanguard Group Inc. now owns 6,625,006 shares of the industrial products company’s stock valued at $260,827,000 after purchasing an additional 28,081 shares during the last quarter. BlackRock Inc. grew its holdings in Colfax Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 4,174,568 shares of the industrial products company’s stock valued at $164,353,000 after purchasing an additional 70,676 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Colfax Corporation by 82.2% during the third quarter. Victory Capital Management Inc. now owns 2,897,556 shares of the industrial products company’s stock valued at $120,655,000 after purchasing an additional 1,306,927 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Colfax Corporation by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,726,578 shares of the industrial products company’s stock valued at $107,339,000 after purchasing an additional 62,537 shares during the last quarter. Hedge funds and other institutional investors own 75.39% of the company’s stock.
In related news, SVP Stephen Wittig sold 29,189 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $39.30, for a total transaction of $1,147,127.70. Following the transaction, the senior vice president now directly owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.60% of the stock is currently owned by insiders.
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Several equities analysts have commented on CFX shares. BidaskClub upgraded Colfax Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded Colfax Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Wolfe Research started coverage on Colfax Corporation in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Cowen and Company reiterated an “outperform” rating and set a $50.00 price target (up previously from $45.00) on shares of Colfax Corporation in a report on Friday, July 14th. Finally, Robert W. Baird upgraded Colfax Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $47.00 to $50.00 in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.50.
Colfax Corporation 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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