Colfax Corp (CFX) Short Interest Update

Colfax Corp (NYSE:CFX) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,183,250 shares, a growth of 201.0% from the October 31st total of 725,368 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average trading volume of 1,391,617 shares, the days-to-cover ratio is presently 1.6 days.

Colfax (NYSE CFX) opened at $37.33 on Tuesday. The stock has a market cap of $4,570.00, a P/E ratio of 22.34, a P/E/G ratio of 2.17 and a beta of 1.26. Colfax has a fifty-two week low of $33.31 and a fifty-two week high of $43.29. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38.

Colfax (NYSE:CFX) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The business had revenue of $844.50 million during the quarter, compared to analyst estimates of $901.09 million. During the same quarter last year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. equities analysts expect that Colfax will post 1.71 earnings per share for the current year.

A number of research analysts have recently commented on CFX shares. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 target price on shares of Colfax in a report on Wednesday, September 27th. Argus reiterated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a report on Tuesday, August 29th. Cowen lowered shares of Colfax from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Citigroup reiterated a “sell” rating and issued a $40.00 price objective (up previously from $39.00) on shares of Colfax in a report on Monday, October 9th. Finally, Longbow Research upgraded shares of Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Three 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. The company currently has an average rating of “Hold” and an average target price of $46.40.

In other news, SVP Stephen Wittig sold 29,189 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at $608,324.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CFX. AQR Capital Management LLC raised its holdings in Colfax by 56.1% during the 1st quarter. AQR Capital Management LLC now owns 25,625 shares of the industrial products company’s stock worth $1,006,000 after purchasing an additional 9,206 shares during the last quarter. Credit Suisse AG raised its holdings in Colfax by 0.6% during the 1st quarter. Credit Suisse AG now owns 59,641 shares of the industrial products company’s stock worth $2,342,000 after purchasing an additional 358 shares during the last quarter. Aperio Group LLC raised its holdings in Colfax by 0.6% during the 2nd quarter. Aperio Group LLC now owns 53,565 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 337 shares during the last quarter. US Bancorp DE raised its holdings in Colfax by 0.9% during the 2nd quarter. US Bancorp DE now owns 27,185 shares of the industrial products company’s stock worth $1,070,000 after purchasing an additional 253 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Colfax by 421.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 36,442 shares of the industrial products company’s stock worth $1,435,000 after purchasing an additional 29,452 shares during the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.

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Colfax 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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