Deutsche Bank AG cut its position in shares of Colfax Co. (NYSE:CFX) by 79.5% during the 4th quarter, Holdings Channel reports. The firm owned 127,191 shares of the industrial products company’s stock after selling 491,883 shares during the quarter. Deutsche Bank AG’s holdings in Colfax were worth $5,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in CFX. Victory Capital Management Inc. increased its stake in shares of Colfax by 54.9% during the 4th quarter. Victory Capital Management Inc. now owns 4,487,041 shares of the industrial products company’s stock worth $177,776,000 after purchasing an additional 1,589,485 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Colfax by 26.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,667,364 shares of the industrial products company’s stock valued at $66,061,000 after buying an additional 344,946 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new position in Colfax in the 4th quarter valued at about $10,091,000. Allianz Asset Management GmbH acquired a new position in Colfax in the 4th quarter valued at about $9,187,000. Finally, Thrivent Financial For Lutherans grew its stake in Colfax by 81.9% in the 4th quarter. Thrivent Financial For Lutherans now owns 310,485 shares of the industrial products company’s stock valued at $12,301,000 after buying an additional 139,795 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.
NYSE CFX opened at $31.60 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.89 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3,868.80, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26. Colfax Co. has a 12-month low of $29.94 and a 12-month high of $43.29.
A number of research analysts recently commented on CFX shares. Zacks Investment Research upgraded shares of Colfax from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Tuesday, January 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price target (up previously from $44.00) on shares of Colfax in a research note on Tuesday, January 16th. KeyCorp decreased their price target on shares of Colfax from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Gabelli upgraded shares of Colfax from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Robert W. Baird decreased their price target on shares of Colfax from $47.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.44.
In other Colfax news, CEO Ian Brander sold 1,240 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.46, for a total value of $41,490.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP A. Lynne Puckett sold 7,270 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $42.01, for a total transaction of $305,412.70. The disclosure for this sale can be found here. Insiders sold a total of 11,445 shares of company stock valued at $444,983 in the last three months. Insiders own 10.60% of the company’s stock.
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Colfax Company Profile
Colfax Corporation operates as a diversified industrial technology company worldwide. The company operates through Air and Gas Handling, and Fabrication Technology segments. The Air and Gas Handling segment designs, manufactures, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, and gas compressors, as well as related products, systems, and services.
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