Colfax Corp (NYSE:CFX) saw unusually large options trading on Monday. Stock investors bought 3,978 put options on the stock. This represents an increase of 4,271% compared to the average daily volume of 91 put options.

In other news, SVP Jason Maclean sold 1,120 shares of Colfax stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $29.06, for a total transaction of $32,547.20. Following the completion of the transaction, the senior vice president now directly owns 9,716 shares in the company, valued at approximately $282,346.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sustainable Insight Capital Management LLC acquired a new position in shares of Colfax during the 2nd quarter worth $288,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Colfax during the 2nd quarter valued at about $402,000. Gabelli Funds LLC bought a new position in Colfax in the second quarter worth approximately $613,000. Cove Street Capital LLC boosted its holdings in Colfax by 8.4% in the second quarter. Cove Street Capital LLC now owns 647,143 shares of the industrial products company’s stock worth $19,835,000 after acquiring an additional 50,312 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Colfax by 6.9% in the second quarter. Bank of America Corp DE now owns 414,243 shares of the industrial products company’s stock worth $12,696,000 after acquiring an additional 26,616 shares in the last quarter. 80.01% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on CFX shares. Oppenheimer reiterated a “hold” rating on shares of Colfax in a research note on Monday, August 6th. Robert W. Baird reiterated a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Colfax in a research note on Monday, August 6th. Barclays lifted their target price on Colfax from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Colfax from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, August 9th. Finally, Cowen upgraded Colfax from a “market perform” rating to an “outperform” rating in a research note on Friday, August 17th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.77.

CFX opened at $27.28 on Wednesday. The firm has a market capitalization of $3.29 billion, a P/E ratio of 15.68, a PEG ratio of 0.93 and a beta of 1.56. Colfax has a 1 year low of $26.25 and a 1 year high of $42.08. The company has a quick ratio of 1.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.33.

Colfax (NYSE:CFX) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The firm had revenue of $875.37 million during the quarter, compared to analysts’ expectations of $893.38 million. Colfax had a return on equity of 6.97% and a net margin of 3.03%. On average, research analysts expect that Colfax will post 2.25 EPS for the current fiscal year.

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About Colfax

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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