Neuberger Berman Group LLC lifted its position in shares of Colfax Corp (NYSE:CFX) by 25.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,000 shares of the industrial products company’s stock after acquiring an additional 4,000 shares during the period. Neuberger Berman Group LLC’s holdings in Colfax were worth $833,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFX. Bronfman E.L. Rothschild L.P. grew its position in Colfax by 4,167.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock valued at $102,000 after buying an additional 2,542 shares in the last quarter. Toronto Dominion Bank bought a new position in Colfax in the 2nd quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Colfax by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock valued at $139,000 after buying an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Colfax by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,688 shares of the industrial products company’s stock valued at $145,000 after buying an additional 251 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new position in Colfax in the 3rd quarter valued at about $160,000. Hedge funds and other institutional investors own 74.86% of the company’s stock.

Colfax Corp (NYSE:CFX) opened at $39.82 on Wednesday. Colfax Corp has a 12-month low of $33.31 and a 12-month high of $43.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80. The firm has a market cap of $4,877.85, a PE ratio of 28.04, a PEG ratio of 1.88 and a beta of 1.27.

Colfax (NYSE:CFX) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The company had revenue of $844.50 million during the quarter, compared to analyst estimates of $901.09 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. sell-side analysts expect that Colfax Corp will post 1.72 earnings per share for the current year.

In other news, EVP Daniel A. Pryor sold 53,333 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $38.15, for a total transaction of $2,034,653.95. Following the completion of the transaction, the executive vice president now owns 93,557 shares in the company, valued at approximately $3,569,199.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 10.60% of the company’s stock.

A number of equities analysts recently issued reports on the stock. KeyCorp reiterated a “buy” rating and issued a $46.00 target price on shares of Colfax in a research report on Tuesday, September 26th. Citigroup reiterated a “sell” rating and issued a $40.00 target price (up previously from $39.00) on shares of Colfax in a research report on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Colfax in a research report on Tuesday, November 7th. Oppenheimer reiterated a “hold” rating on shares of Colfax in a research report on Thursday, November 30th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $50.00 target price on shares of Colfax in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.80.

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Colfax Profile

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.

Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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