Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,731 Shares of Colfax Corp (CFX)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Colfax Corp (NYSE:CFX) by 49.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,264 shares of the industrial products company’s stock after purchasing an additional 1,731 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Colfax were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings 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 worth $145,000 after purchasing an additional 251 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in Colfax by 10.8% in the 4th quarter. Eqis Capital Management Inc. now owns 14,986 shares of the industrial products company’s stock worth $594,000 after purchasing an additional 1,455 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Colfax by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 17,630 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 1,834 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Colfax by 23.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 11,463 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 2,167 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Colfax by 16.4% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,125 shares of the industrial products company’s stock worth $838,000 after purchasing an additional 2,830 shares during the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

Colfax Corp (NYSE:CFX) opened at $33.10 on Friday. Colfax Corp has a 1-year low of $31.50 and a 1-year high of $43.29. The company has a market capitalization of $4,114.23, a P/E ratio of 27.36, a PEG ratio of 1.17 and a beta of 1.17. The company has a current ratio of 1.89, a quick ratio of 1.47 and a debt-to-equity ratio of 0.28.

Colfax (NYSE:CFX) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Colfax had a return on equity of 5.95% and a net margin of 4.28%. The company had revenue of $874.00 million during the quarter, compared to analyst estimates of $894.02 million. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. equities research analysts anticipate that Colfax Corp will post 2.12 EPS for the current year.

Several equities research analysts recently weighed in on CFX shares. Robert W. Baird restated a “buy” rating and issued a $50.00 target price on shares of Colfax in a report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and issued a $44.00 target price on shares of Colfax in a report on Tuesday, November 7th. Zacks Investment Research lowered Colfax from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. Longbow Research upgraded Colfax from a “neutral” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Oppenheimer restated a “hold” rating on shares of Colfax in a report on Thursday, November 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.74.

In other news, SVP A. Lynne Puckett sold 770 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $33.46, for a total transaction of $25,764.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel A. Pryor sold 53,333 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $38.15, for a total value of $2,034,653.95. Following the transaction, the executive vice president now owns 93,557 shares of the company’s stock, valued at $3,569,199.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,295 shares of company stock valued at $2,463,601. Corporate insiders own 10.60% 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.

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Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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