Los Angeles Capital Management & Equity Research Inc. raised its position in Colfax Corp (NYSE:CFX) by 16.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,125 shares of the industrial products company’s stock after buying an additional 2,830 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Colfax were worth $838,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Colfax by 56.1% in the 1st quarter. AQR Capital Management LLC now owns 25,625 shares of the industrial products company’s stock worth $1,006,000 after buying an additional 9,206 shares in the last quarter. Credit Suisse AG boosted its position in shares of Colfax by 0.6% in the 1st quarter. Credit Suisse AG now owns 59,641 shares of the industrial products company’s stock worth $2,342,000 after buying an additional 358 shares in the last quarter. Aperio Group LLC boosted its position in shares of Colfax by 0.6% in the 2nd quarter. Aperio Group LLC now owns 53,565 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 337 shares in the last quarter. US Bancorp DE boosted its position in shares of Colfax by 0.9% in the 2nd quarter. US Bancorp DE now owns 27,185 shares of the industrial products company’s stock worth $1,070,000 after buying an additional 253 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Colfax by 421.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 36,442 shares of the industrial products company’s stock worth $1,435,000 after buying an additional 29,452 shares in the last quarter. 74.83% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on CFX shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Colfax in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $46.00 price objective on shares of Colfax in a research report on Tuesday, September 26th. Cowen reiterated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a research report on Tuesday, September 26th. Argus reiterated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective on shares of Colfax in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $46.40.

In related news, SVP Stephen Wittig sold 29,189 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the transaction, the senior vice president now owns 15,479 shares of the company’s stock, valued at approximately $608,324.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.60% of the company’s stock.

Colfax Corp (NYSE:CFX) opened at $36.49 on Thursday. Colfax Corp has a one year low of $33.31 and a one year high of $43.29. The firm has a market cap of $4,520.81, a PE ratio of 22.12, a P/E/G ratio of 2.31 and a beta of 1.30. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.38.

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

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About Colfax

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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