Goodhaven Capital Management Exits Position in Colfax Corp (CFX)

Colfax Corp (CFX) : Goodhaven Capital Management has sold out all of its stake in Colfax Corp during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 83,000 shares of Colfax Corp which is valued at $2,518,220.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CFX in the latest quarter, The investment management firm added 6,591 additional shares and now holds a total of 77,028 shares of Colfax Corp which is valued at $2,337,030. Colfax Corp makes up approx 0.01% of Rhumbline Advisers’s portfolio.Clarkston Capital Partners reduced its stake in CFX by selling 1,000 shares or 9.43% in the most recent quarter. The Hedge Fund company now holds 9,610 shares of CFX which is valued at $274,077. Colfax Corp makes up approx 0.01% of Clarkston Capital Partners’s portfolio. Eagle Asset Management Inc sold out all of its stake in CFX during the most recent quarter. The investment firm sold 547,347 shares of CFX which is valued $15,566,549.

Colfax Corp opened for trading at $30.69 and hit $31.06 on the upside on Tuesday, eventually ending the session at $30.84, with a gain of 1.05% or 0.32 points. The heightened volatility saw the trading volume jump to 3,26,490 shares. Company has a market cap of $3,783 M.

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 .BB&T Capital Mkts Upgraded Colfax Corp on May 17, 2016 to ” Buy”, Price Target of the shares are set at $34.

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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