In this article, we discuss the 5 best infrastructure stocks according to Reddit. If you want to read our detailed analysis of these stocks, go directly to 10 Best Infrastructure Stocks According to Reddit.
5. Colfax Corporation (NYSE: CFX)
Number of Hedge Fund Holders: 31
Colfax Corporation (NYSE: CFX) is ranked fifth on our list of 10 best infrastructure stocks according to Reddit. The company has interests in a wide array of businesses related to medical consumable products and equipment. It is headquartered in Delaware.
On August 16, investment advisory Argus reiterated a Buy rating on Colfax Corporation (NYSE: CFX) stock and raised the price target to $56 from $50, underlining that the firm was a “well-managed mid-cap company”.
Out of the hedge funds being tracked by Insider Monkey, Ohio-based investment firm Diamond Hill Capital is a leading shareholder in Colfax Corporation (NYSE: CFX) with 4.5 million shares worth more than $206 million.
“Colfax Corporation is a global manufacturing company providing orthopedic and fabrication technology products and services. Its orthopedic products are focused primarily on injury prevention and recovery, including athletic braces, hot and cold therapy, bone growth stimulators and therapeutic shoes. The fabrication technology division is a leader in welding and cutting solutions such as filler metals, equipment, automation/digital solutions and gas equipment. Management recently reconstructed Colfax’s portfolio of businesses—acquired the orthopedic/medical technology business in 2019, divested its air and handling equipment and fluid handling businesses in 2019 and 2017, respectively. We believe the remaining portfolio will benefit from a near-term rebound in elective medical procedures and welding as the broader economy reopens. We also believe additional med tech acquisitions, margin improvements and market share gains in the fabrication technology division are additional long-term profit cycle drivers. With shares trading at an attractive valuation, we initiated a GardenSM position.”