California State Teachers Retirement System Sells 15,208 Shares of Colfax Corp (CFX)

California State Teachers Retirement System decreased its holdings in Colfax Corp (NYSE:CFX) by 9.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,807 shares of the industrial products company’s stock after selling 15,208 shares during the period. California State Teachers Retirement System owned about 0.12% of Colfax worth $6,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Colfax by 4,167.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,603 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 2,542 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Colfax during the second quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Colfax by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,533 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 323 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Colfax by 7.3% during the second 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. Finally, FNY Managed Accounts LLC acquired a new position in shares of Colfax during the third quarter worth $160,000. 74.86% of the stock is owned by institutional investors.

In related news, EVP Daniel A. Pryor sold 53,333 shares of the company’s stock in a transaction 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 directly owns 93,557 shares of the company’s stock, valued at approximately $3,569,199.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.60% of the stock is owned by corporate insiders.

Colfax Corp (NYSE:CFX) opened at $39.62 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.47. Colfax Corp has a 12-month low of $33.31 and a 12-month high of $43.29. The stock has a market capitalization of $4,877.86, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.31 and a beta of 1.26.

Colfax (NYSE:CFX) last released its earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Colfax had a return on equity of 6.26% and a net margin of 4.89%. The firm had revenue of $844.50 million for the quarter, compared to the consensus estimate of $901.09 million. During the same period in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. research analysts predict that Colfax Corp will post 1.72 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target on shares of Colfax in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price target on shares of Colfax in a research report on Wednesday, September 27th. Cowen reaffirmed a “buy” rating and set a $50.00 price target on shares of Colfax in a research report on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and set a $46.00 price target on shares of Colfax in a research report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded Colfax from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.80.

COPYRIGHT VIOLATION WARNING: “California State Teachers Retirement System Sells 15,208 Shares of Colfax Corp (CFX)” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.chaffeybreeze.com/2018/01/01/california-state-teachers-retirement-system-sells-15208-shares-of-colfax-corp-cfx.html.

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.

Institutional Ownership by Quarter for Colfax (NYSE:CFX)

Receive News & Ratings for Colfax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colfax and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply