Colfax Corp (CFX) Holdings Lessened by Old West Investment Management LLC

Old West Investment Management LLC reduced its holdings in Colfax Corp (NYSE:CFX) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,771 shares of the industrial products company’s stock after selling 4,577 shares during the quarter. Old West Investment Management LLC’s holdings in Colfax were worth $2,072,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Colfax by 4,167.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after buying an additional 2,542 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of Colfax during the second quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Colfax by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after buying an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Colfax by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after buying an additional 251 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new position in shares of Colfax during the third quarter worth about $160,000. Institutional investors own 74.86% of the company’s stock.

Colfax Corp (CFX) opened at $36.41 on Thursday. Colfax Corp has a 52-week low of $33.31 and a 52-week high of $43.29. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $4,497.42, a P/E ratio of 22.01, a P/E/G ratio of 2.14 and a beta of 1.26.

Colfax (NYSE:CFX) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The firm had revenue of $844.50 million during the quarter, compared to analysts’ expectations of $901.09 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. equities analysts predict that Colfax Corp will post 1.71 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective on shares of Colfax in a report on Tuesday, October 17th. Oppenheimer reiterated a “hold” rating on shares of Colfax in a report on Thursday, November 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Colfax in a report on Wednesday, September 27th. Cowen reiterated a “buy” rating and set a $50.00 price objective on shares of Colfax in a report on Tuesday, September 26th. Finally, KeyCorp reiterated a “buy” rating and set a $46.00 price objective on shares of Colfax in a report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.40.

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Colfax 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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Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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