Mizuho Trust & Banking Co. Ltd. boosted its stake in Colfax Corp. (NYSE:CFX) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 26,804 shares of the company’s stock after buying an additional 1,026 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Colfax Corp. were worth $842,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eqis Capital Management Inc. acquired a new stake in shares of Colfax Corp. during the third quarter valued at about $217,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Colfax Corp. during the second quarter valued at about $235,000. Hsbc Holdings PLC boosted its stake in shares of Colfax Corp. by 15.9% in the second quarter. Hsbc Holdings PLC now owns 9,214 shares of the company’s stock valued at $244,000 after buying an additional 1,262 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Colfax Corp. by 506.3% in the second quarter. Pacer Advisors Inc. now owns 10,229 shares of the company’s stock valued at $270,000 after buying an additional 8,542 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Colfax Corp. during the second quarter valued at about $270,000. 78.46% of the stock is owned by institutional investors.
Shares of Colfax Corp. (NYSE:CFX) traded up 0.84% during midday trading on Friday, reaching $37.29. 252,399 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $32.63 and its 200 day moving average price is $29.63. The stock has a market capitalization of $4.57 billion, a P/E ratio of 34.50 and a beta of 1.41. Colfax Corp. has a 1-year low of $18.22 and a 1-year high of $37.66.
Colfax Corp. (NYSE:CFX) last issued its earnings results on Thursday, October 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Colfax Corp. had a net margin of 3.56% and a return on equity of 6.18%. The company had revenue of $879.20 million for the quarter, compared to the consensus estimate of $892.33 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Colfax Corp.’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities analysts predict that Colfax Corp. will post $1.55 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Colfax Corp. from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Zacks Investment Research lowered shares of Colfax Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Finally, Argus raised shares of Colfax Corp. from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Colfax Corp. presently has a consensus rating of “Hold” and an average target price of $30.83.
In other Colfax Corp. news, SVP A. Lynne Puckett sold 21,037 shares of Colfax Corp. stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $31.00, for a total transaction of $652,147.00. Following the transaction, the senior vice president now directly owns 20,370 shares of the company’s stock, valued at $631,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.50% of the company’s stock.
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 commercial and governmental customers around the world under Howden, ESAB and Colfax Fluid Handling brand names. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology.