Dimensional Fund Advisors LP boosted its stake in Colfax Corp. (NYSE:CFX) by 54.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,668,271 shares of the company’s stock after buying an additional 584,855 shares during the period. Dimensional Fund Advisors LP owned 1.36% of Colfax Corp. worth $44,135,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its position in shares of Colfax Corp. by 19.9% in the second quarter. Teacher Retirement System of Texas now owns 12,847 shares of the company’s stock valued at $340,000 after buying an additional 2,134 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Colfax Corp. by 3.0% in the second quarter. UBS Asset Management Americas Inc. now owns 887,024 shares of the company’s stock valued at $23,471,000 after buying an additional 25,450 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Colfax Corp. by 7.4% in the second quarter. Ameriprise Financial Inc. now owns 23,028 shares of the company’s stock valued at $609,000 after buying an additional 1,577 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Colfax Corp. during the second quarter valued at approximately $534,000. Finally, Argent Capital Management LLC bought a new position in shares of Colfax Corp. during the second quarter valued at approximately $307,000. 78.33% of the stock is owned by institutional investors.
Shares of Colfax Corp. (NYSE:CFX) opened at 29.26 on Friday. Colfax Corp. has a 52-week low of $18.22 and a 52-week high of $33.62. The company has a 50-day moving average price of $29.66 and a 200-day moving average price of $28.91. The company has a market cap of $3.59 billion, a P/E ratio of 29.00 and a beta of 1.60.
Colfax Corp. (NYSE:CFX) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business earned $957.20 million during the quarter, compared to analysts’ expectations of $943.50 million. Colfax Corp. had a return on equity of 5.55% and a net margin of 3.23%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. On average, equities analysts predict that Colfax Corp. will post $0.71 EPS for the current year.
Several research analysts have commented on the company. Zacks Investment Research downgraded Colfax Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Citigroup Inc. raised their target price on Colfax Corp. from $25.00 to $26.00 and gave the stock a “sell” rating in a research note on Friday, July 29th. Finally, Barclays PLC restated an “equal weight” rating and issued a $28.00 target price (up previously from $26.00) on shares of Colfax Corp. in a research note on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Colfax Corp. has a consensus rating of “Hold” and an average price target of $30.17.
In other Colfax Corp. news, SVP A. Lynne Puckett sold 21,037 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $31.00, for a total value of $652,147.00. Following the completion of the sale, the senior vice president now owns 20,370 shares in the company, valued at $631,470. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 10.50% of the stock is owned by company insiders.
Colfax Corp. Company Profile