Teacher Retirement System of Texas raised its stake in shares of Colfax Corp. (NYSE:CFX) by 19.9% during the second quarter, Holdings Channel reports. The firm owned 12,847 shares of the company’s stock after buying an additional 2,134 shares during the period. Teacher Retirement System of Texas’ holdings in Colfax Corp. were worth $340,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Aperio Group LLC increased its stake in Colfax Corp. by 9.8% in the first quarter. Aperio Group LLC now owns 72,844 shares of the company’s stock worth $2,083,000 after buying an additional 6,500 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Colfax Corp. by 7.5% in the first quarter. TIAA CREF Investment Management LLC now owns 278,921 shares of the company’s stock worth $7,974,000 after buying an additional 19,533 shares during the last quarter. Teachers Advisors Inc. increased its stake in Colfax Corp. by 13.4% in the first quarter. Teachers Advisors Inc. now owns 110,936 shares of the company’s stock worth $3,172,000 after buying an additional 13,094 shares during the last quarter. BlackRock Inc. increased its stake in Colfax Corp. by 33.4% in the first quarter. BlackRock Inc. now owns 34,681 shares of the company’s stock worth $991,000 after buying an additional 8,683 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Colfax Corp. by 22.7% in the first quarter. Royce & Associates LP now owns 151,785 shares of the company’s stock worth $4,340,000 after buying an additional 28,085 shares during the last quarter. 78.33% of the stock is currently owned by institutional investors.
Colfax Corp. (NYSE:CFX) traded down 2.82% during trading on Thursday, reaching $28.57. The company had a trading volume of 48,361 shares. The company’s 50-day moving average is $29.70 and its 200 day moving average is $28.91. Colfax Corp. has a 52 week low of $18.22 and a 52 week high of $33.62. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 28.32 and a beta of 1.60.
Colfax Corp. (NYSE:CFX) last announced its earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Colfax Corp. had a return on equity of 5.55% and a net margin of 3.23%. The business earned $957.20 million during the quarter, compared to analysts’ expectations of $943.50 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. Equities analysts anticipate that Colfax Corp. will post $0.71 EPS for the current year.
A number of research firms have issued reports on CFX. Zacks Investment Research downgraded Colfax Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Citigroup Inc. lifted their price objective 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 reaffirmed an “equal weight” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Colfax Corp. in a research note on Monday, July 18th. Two 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. The stock currently has an average rating of “Hold” and a consensus target price of $30.17.
In other Colfax Corp. news, SVP A. Lynne Puckett sold 21,037 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $31.00, for a total transaction of $652,147.00. Following the completion of the transaction, the senior vice president now 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 this hyperlink. Company insiders own 10.50% of the company’s stock.
About Colfax Corp.
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.
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