Itau Unibanco Holding S.A. grew its position in Colfax Corp (NYSE:CFX) by 225.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,170 shares of the industrial products company’s stock after purchasing an additional 3,583 shares during the period. Itau Unibanco Holding S.A.’s holdings in Colfax were worth $205,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CFX. Arrowstreet Capital Limited Partnership acquired a new stake in Colfax in the second quarter worth $327,000. The Manufacturers Life Insurance Company raised its holdings in Colfax by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 251 shares during the period. Verition Fund Management LLC acquired a new stake in Colfax in the second quarter worth $276,000. Dynamic Technology Lab Private Ltd acquired a new stake in Colfax in the second quarter worth $319,000. Finally, Toronto Dominion Bank acquired a new stake in Colfax in the second quarter worth $118,000. Institutional investors own 76.25% of the company’s stock.
Several equities research analysts have weighed in on CFX shares. Seaport Global Securities reiterated a “buy” rating on shares of Colfax in a report on Wednesday, February 7th. Gabelli upgraded shares of Colfax from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. They noted that the move was a valuation call. Stifel Nicolaus cut their target price on shares of Colfax from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Colfax in a report on Tuesday, November 7th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $50.00 target price on shares of Colfax in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Colfax currently has a consensus rating of “Hold” and a consensus price target of $44.40.
Shares of Colfax Corp (NYSE:CFX) opened at $33.36 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Colfax Corp has a 12-month low of $31.50 and a 12-month high of $43.29. The stock has a market cap of $4,090.79, a price-to-earnings ratio of 27.57, a PEG ratio of 1.17 and a beta of 1.17.
Colfax (NYSE:CFX) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colfax had a net margin of 4.28% and a return on equity of 6.11%. The company had revenue of $874.00 million during the quarter, compared to the consensus estimate of $894.02 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. research analysts expect that Colfax Corp will post 2.12 EPS for the current fiscal year.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides air and gas handling, and fabrication technology products and services. The Company’s segments include Air and Gas handling, and Fabrication Technology. The Air and Gas Handling segment supplies a range of gas handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket services.
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