Colfax Corp (CFX) : Lincoln Capital scooped up 19,787 additional shares in Colfax Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 150,620 shares of Colfax Corp which is valued at $4,699,344.Colfax Corp makes up approximately 3.47% of Lincoln Capital’s portfolio.
Colfax Corp closed down -0.24 points or -0.76% at $31.2 with 5,37,359 shares getting traded on Friday. Post opening the session at $31.16, the shares hit an intraday low of $30.69 and an intraday high of $31.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Beese Fulmer Investment Management boosted its stake in CFX in the latest quarter, The investment management firm added 1,728 additional shares and now holds a total of 45,592 shares of Colfax Corp which is valued at $1,422,470. Colfax Corp makes up approx 0.41% of Beese Fulmer Investment Management’s portfolio.Eagle Asset Management Inc boosted its stake in CFX in the latest quarter, The investment management firm added 542 additional shares and now holds a total of 547,347 shares of Colfax Corp which is valued at $15,637,704. Colfax Corp makes up approx 0.11% of Eagle Asset Management Inc’s portfolio. Creative Planning sold out all of its stake in CFX during the most recent quarter. The investment firm sold 200 shares of CFX which is valued $5,714. Proficio Capital Partners added CFX to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $343.Chevy Chase Trust Holdings reduced its stake in CFX by selling 3,700 shares or 24.84% in the most recent quarter. The Hedge Fund company now holds 11,197 shares of CFX which is valued at $319,898.
On the company’s financial health, Colfax Corp reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.43. The company had revenue of $1061.46 million for the quarter, compared to analysts expectations of $1022.74 million. The company’s revenue was down -12.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Colfax Corp. Gabelli & Co Initiated Colfax Corp on Mar 29, 2016 to “Hold”, Price Target of the shares are set at $37.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling and fabrication technology products and services to commercial and Governmental customers around the world under the Howden ESAB and Colfax Fluid Handling brand names. The Company’s segments include gas and fluid handling and fabrication technology. The gas and fluid handling segment supplies a range of products including heavy-duty centrifugal and axial fans rotary heat exchangers gas compressors pumps fluid-handling systems and controls and specialty valves which serves customers in the power generation oil gas and petrochemical mining marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates develops manufactures and supplies consumable products and equipment for the cutting and joining of steels aluminum and other metals and metal alloys.