Bares Capital Management Inc. Has $156.52 Million Holdings in Colfax Corp (CFX)

Bares Capital Management Inc. trimmed its stake in Colfax Corp (NYSE:CFX) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,758,826 shares of the industrial products company’s stock after selling 107,474 shares during the period. Colfax comprises 7.1% of Bares Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Bares Capital Management Inc. owned about 3.05% of Colfax worth $156,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted 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 purchasing an additional 29,452 shares during the period. NGAM Advisors L.P. lifted its position in shares of Colfax by 19.3% in the 2nd quarter. NGAM Advisors L.P. now owns 13,995 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 2,263 shares during the period. Trexquant Investment LP purchased a new stake in shares of Colfax in the 2nd quarter worth approximately $349,000. Canada Pension Plan Investment Board lifted its position in shares of Colfax by 993.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 258,086 shares of the industrial products company’s stock worth $10,161,000 after purchasing an additional 234,476 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Colfax by 13.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 444,560 shares of the industrial products company’s stock worth $17,503,000 after purchasing an additional 53,918 shares during the period. 74.86% of the stock is owned by institutional investors.

Colfax Corp (CFX) opened at $36.80 on Wednesday. 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 company has a market cap of $4,481.42, a P/E ratio of 21.93, a P/E/G ratio of 2.13 and a beta of 1.26. Colfax Corp has a 52 week low of $33.31 and a 52 week high of $43.29.

Colfax (NYSE:CFX) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Colfax had a net margin of 4.89% and a return on equity of 6.26%. The business had revenue of $844.50 million for the quarter, compared to analyst estimates of $901.09 million. During the same quarter in the prior year, the business posted $0.39 EPS. Colfax’s revenue for the quarter was up 10.2% compared to the same quarter last year. analysts forecast that Colfax Corp will post 1.71 earnings per share for the current year.

Several brokerages have recently weighed in on CFX. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price target on shares of Colfax in a research report on Monday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price target on shares of Colfax in a research report on Wednesday, September 27th. Oppenheimer reiterated a “hold” rating on shares of Colfax in a research note on Thursday, November 30th. Cowen reiterated a “buy” rating and set a $50.00 price objective on shares of Colfax in a research note on Tuesday, September 26th. Finally, KeyCorp reiterated a “buy” rating and set a $46.00 price objective on shares of Colfax in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.80.

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Colfax 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 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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