Ian Brander Sells 1,240 Shares of Colfax Corp (CFX) Stock

Colfax Corp (NYSE:CFX) CEO Ian Brander sold 1,240 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.46, for a total value of $41,490.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Colfax Corp (CFX) traded down $0.26 during trading hours on Thursday, reaching $33.10. The company’s stock had a trading volume of 488,953 shares, compared to its average volume of 1,000,000. The stock has a market capitalization of $4,060.00, a PE ratio of -55.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.17. Colfax Corp has a 1-year low of $31.50 and a 1-year high of $43.29. 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 quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $874.00 million during the quarter, compared to analysts’ expectations of $894.02 million. Colfax had a return on equity of 6.11% and a net margin of 4.28%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. sell-side analysts predict that Colfax Corp will post 2.12 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. Argus restated a “buy” rating and issued a $33.36 target price (down previously from $40.00) on shares of Colfax in a research note on Thursday. Zacks Investment Research cut Colfax from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays assumed coverage on Colfax in a research note on Thursday, February 15th. They issued an “underweight” rating for the company. Seaport Global Securities restated a “buy” rating on shares of Colfax in a research note on Wednesday, February 7th. Finally, Robert W. Baird lowered their target price on Colfax from $47.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.74.

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank purchased a new position in Colfax during the second quarter valued at $118,000. The Manufacturers Life Insurance Company increased its holdings in shares of 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 worth $145,000 after purchasing an additional 251 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Colfax in the 3rd quarter worth $160,000. Valeo Financial Advisors LLC bought a new stake in shares of Colfax in the 3rd quarter worth $177,000. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Colfax by 225.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 5,170 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 3,583 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.

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Colfax Company 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.

Insider Buying and Selling by Quarter for Colfax (NYSE:CFX)

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