Bdt Capital Partners buys $335,292,528 stake in Colfax Corp (CFX)

Colfax Corp (CFX) : Bdt Capital Partners scooped up 687 additional shares in Colfax Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 11,051,171 shares of Colfax Corp which is valued at $335,292,528.

Other Hedge Funds, Including , Walleye Trading reduced its stake in CFX by selling 35,386 shares or 81.29% in the most recent quarter. The Hedge Fund company now holds 8,146 shares of CFX which is valued at $247,150. Colfax Corp makes up approx 0.02% of Walleye Trading’s portfolio. Cable Hill Partners sold out all of its stake in CFX during the most recent quarter. The investment firm sold 422 shares of CFX which is valued $12,803.Norges Bank reduced its stake in CFX by selling 34,230 shares or 4.46% in the most recent quarter. The Hedge Fund company now holds 732,875 shares of CFX which is valued at $22,235,428. Colfax Corp makes up approx 0.01% of Norges Bank’s portfolio. Globeflex Capital L P added CFX to its portfolio by purchasing 40,989 company shares during the most recent quarter which is valued at $1,243,606. Colfax Corp makes up approx 0.32% of Globeflex Capital L P’s portfolio. Accident Compensation Corp sold out all of its stake in CFX during the most recent quarter. The investment firm sold 8,728 shares of CFX which is valued $259,833.

Colfax Corp closed down -0.35 points or -1.18% at $29.33 with 8,04,282 shares getting traded on Thursday. Post opening the session at $29.6, the shares hit an intraday low of $28.89 and an intraday high of $29.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Colfax Corp reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $957.25 million for the quarter, compared to analysts expectations of $942.67 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 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 .

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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