133,200 Shares in Colfax Corp (NYSE:CFX) Acquired by Nordea Investment Management AB

Nordea Investment Management AB purchased a new stake in Colfax Corp (NYSE:CFX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 133,200 shares of the industrial products company’s stock, valued at approximately $3,953,000. Nordea Investment Management AB owned 0.11% of Colfax as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CFX. JPMorgan Chase & Co. purchased a new stake in Colfax during the third quarter worth about $3,601,000. Morgan Stanley boosted its holdings in Colfax by 290.3% during the third quarter. Morgan Stanley now owns 108,227 shares of the industrial products company’s stock worth $3,901,000 after buying an additional 80,499 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Colfax during the fourth quarter worth about $112,000. California Public Employees Retirement System boosted its holdings in Colfax by 10.9% during the fourth quarter. California Public Employees Retirement System now owns 253,639 shares of the industrial products company’s stock worth $5,301,000 after buying an additional 24,981 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Colfax by 2.8% during the fourth quarter. BlackRock Inc. now owns 4,684,381 shares of the industrial products company’s stock worth $97,904,000 after buying an additional 126,653 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors.

In related news, insider Shyam Kambeyanda sold 11,764 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $26.27, for a total transaction of $309,040.28. Following the completion of the transaction, the insider now owns 51,263 shares of the company’s stock, valued at $1,346,679.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher M. Hix sold 4,750 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $27.08, for a total transaction of $128,630.00. Following the transaction, the chief financial officer now directly owns 29,841 shares of the company’s stock, valued at approximately $808,094.28. The disclosure for this sale can be found here. Insiders own 12.00% of the company’s stock.

A number of analysts recently commented on the stock. Deutsche Bank set a $28.00 price objective on shares of Colfax and gave the stock a “hold” rating in a report on Wednesday, July 10th. Morgan Stanley upped their price target on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. CIBC reaffirmed a “hold” rating on shares of Just Energy Group in a report on Friday, June 7th. Finally, Longbow Research reaffirmed a “sell” rating and issued a $14.00 price target on shares of Goodyear Tire & Rubber in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $28.81.

Shares of NYSE:CFX traded down $0.18 during trading on Thursday, reaching $26.56. The stock had a trading volume of 1,136,888 shares, compared to its average volume of 2,019,719. The firm’s fifty day moving average is $26.61. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 1.12. The firm has a market cap of $3.24 billion, a PE ratio of 11.50, a P/E/G ratio of 0.90 and a beta of 1.64. Colfax Corp has a fifty-two week low of $18.95 and a fifty-two week high of $37.05.

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 analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.04 billion. Colfax had a net margin of 1.68% and a return on equity of 8.16%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. Equities analysts anticipate that Colfax Corp will post 2.55 earnings per share for the current fiscal year.

Colfax Company Profile

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.

Further Reading: Support Level

Institutional Ownership by Quarter for Colfax (NYSE:CFX)

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