Colfax Corp (CFX) : Global Endowment Management Lp reduced its stake in Colfax Corp by 0.52% during the most recent quarter end. The investment management company now holds a total of 346,400 shares of Colfax Corp which is valued at $8.6 Million after selling 1,800 shares in Colfax Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Colfax Corp makes up approximately 1.81% of Global Endowment Management Lp’s portfolio.
Other Hedge Funds, Including , Nuveen Asset Management sold out all of its stake in CFX during the most recent quarter. The investment firm sold 21,738 shares of CFX which is valued $542,580.Amalgamated Bank boosted its stake in CFX in the latest quarter, The investment management firm added 1,036 additional shares and now holds a total of 11,681 shares of Colfax Corp which is valued at $291,558. Colfax Corp makes up approx 0.03% of Amalgamated Bank’s portfolio.Bbva Compass Bancshares Inc boosted its stake in CFX in the latest quarter, The investment management firm added 2,697 additional shares and now holds a total of 12,219 shares of Colfax Corp which is valued at $310,363. Colfax Corp makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio. Dupont Capital Management Corp added CFX to its portfolio by purchasing 117,000 company shares during the most recent quarter which is valued at $3.8 Million. Colfax Corp makes up approx 0.09% of Dupont Capital Management Corp’s portfolio.
Colfax Corp opened for trading at $27.19 and hit $27.66 on the upside on Wednesday, eventually ending the session at $27.27, with a gain of 1.30% or 0.35 points. The heightened volatility saw the trading volume jump to 11,14,722 shares. Company has a market cap of $3,344 M.
On the company’s financial health, Colfax Corp reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $876.80 million for the quarter, compared to analysts expectations of $832.70 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on Colfax Corp. Company shares were Upgraded by Barclays on May 25, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .BB&T Capital Mkts Upgraded Colfax Corp on May 17, 2016 to ” Buy”, Price Target of the shares are set at $34.Shares were Reiterated by Stifel on May 4, 2016 to “Buy” and Lowered the Price Target to $ 33 from a previous price target of $36 .
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.