Birch Run Capital Advisors Lp adds Colfax Corp (CFX) to its portfolio

Colfax Corp (CFX) : Birch Run Capital Advisors Lp added new position in Colfax Corp during the most recent quarter end. The investment management firm now holds 53,500 shares of Colfax Corp which is valued at $2,006,250 , the company said in a statement filed on Nov 14, 2016 with the SEC.Colfax Corp makes up approximately 0.69% of Birch Run Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Jacobs Levy Equity Management Inc reduced its stake in CFX by selling 138,766 shares or 41.67% in the most recent quarter. The Hedge Fund company now holds 194,270 shares of CFX which is valued at $7,285,125. Colfax Corp makes up approx 0.13% of Jacobs Levy Equity Management Inc’s portfolio.California State Teachers Retirement System boosted its stake in CFX in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 215,869 shares of Colfax Corp which is valued at $7,546,780. Colfax Corp makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Blackrock Advisors reduced its stake in CFX by selling 887,116 shares or 85.52% in the most recent quarter. The Hedge Fund company now holds 150,260 shares of CFX which is valued at $5,017,181. Colfax Corp makes up approx 0.01% of Blackrock Advisors’s portfolio. Calvert Investment Management added CFX to its portfolio by purchasing 8,493 company shares during the most recent quarter which is valued at $283,581. Colfax Corp makes up approx 0.01% of Calvert Investment Management’s portfolio. Decatur Capital Management sold out all of its stake in CFX during the most recent quarter. The investment firm sold 66,843 shares of CFX which is valued $2,048,070.

Colfax Corp closed down -0.29 points or -0.79% at $36.42 with 6,19,402 shares getting traded on Monday. Post opening the session at $36.8, the shares hit an intraday low of $36.31 and an intraday high of $36.91 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Colfax Corp reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $879.20 million for the quarter, compared to analysts expectations of $892.30 million. The company’s revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Colfax Corp. Colfax Corp was Upgraded by Argus to ” Buy” on Nov 14, 2016. Company shares were Reiterated by Stifel on Oct 28, 2016 to “Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $33 .

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.

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