Colfax Corp (NYSE:CFX) CFO Sells $128,630.00 in Stock

Colfax Corp (NYSE:CFX) CFO Christopher M. Hix sold 4,750 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $27.08, for a total value of $128,630.00. Following the completion of the transaction, the chief financial officer now owns 29,841 shares in the company, valued at approximately $808,094.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CFX opened at $27.02 on Friday. Colfax Corp has a 1-year low of $18.95 and a 1-year high of $37.05. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.20 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64. The company has a 50 day simple moving average of $26.44.

Colfax (NYSE:CFX) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.04. Colfax had a return on equity of 8.16% and a net margin of 1.68%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Colfax’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Colfax Corp will post 2.58 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of CFX. Macquarie Group Ltd. bought a new stake in shares of Colfax in the fourth quarter valued at approximately $27,000. Pinnacle Bank bought a new stake in shares of Colfax in the fourth quarter valued at approximately $36,000. Quadrant Capital Group LLC boosted its position in shares of Colfax by 264.3% in the first quarter. Quadrant Capital Group LLC now owns 2,211 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 1,604 shares during the period. SG Americas Securities LLC bought a new stake in shares of Colfax in the fourth quarter valued at approximately $112,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of Colfax in the first quarter valued at approximately $128,000. 93.16% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the company. ValuEngine cut Colfax from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Raymond James reaffirmed a “buy” rating and set a $21.00 target price on shares of Colfax in a research report on Thursday, May 2nd. CIBC reaffirmed a “hold” rating and set a $15.00 target price on shares of Colfax in a research report on Friday, June 7th. Goldman Sachs Group assumed coverage on Colfax in a research report on Friday, April 5th. They set a “buy” rating and a $34.00 target price for the company. Finally, Longbow Research reaffirmed a “buy” rating and set a $38.00 target price on shares of Colfax in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Colfax currently has an average rating of “Buy” and an average price target of $29.52.

About Colfax

Colfax Corporation operates as a diversified technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, installs, and maintains heavy-duty fans, rotary heat exchangers, blowers, and compressors.

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