NEW YORK (Reuters), Activist investor Starboard Value said Wednesday that it holds a minority stake in New York’s Starboard Value. Colfax (NYSE:) Corp. They said that the value of this industrial equipment manufacturer is low.

Starboard Value founder Jeffrey Smith stated that the company was at an “inflection point” at Wednesday’s 13D Monitor Active-Passive Investment Summit.

News that Starboard had taken a position to push Colfax stock’s price up 3.55% through pre-market trades

Colfax had announced earlier in the year that it would separate its manufacturing and medical device businesses, and will be able to trade them as two public companies after a thorough strategic review.

Smith said that Starboard also plans to press for improvements at chemical producer Huntsman (NYSE:) Corp. It holds a 8.4% share and is worth approximately $6.8 million.

Smith acknowledged that Huntsman’s portfolio has been improved and its businesses are strong, but said there was still room for revenue growth. Smith added that “the company is not being given credit for all it has achieved.”

Huntsman was established by Jon Huntsman. It is now managed by Peter Huntsman. In 2005, it listed its shares.

Starboard is well-known for its push for operational solutions and at times has forced companies to go under the hammer.

13D Monitor is the first conference to allow in-person participation. Participants must prove that they have been vaccinated against coronavirus.

Starboard had previously pushed for change at Corteva (NYSE.) Inc. This is where the company and the hedge fund agreed to include three Starboard directors.

The company is well-known in the sector for its big wins at Darden Restaurants in 2014, and GCP Applied Technologies in last year. Analysts and bankers say that it has won more board seats than any other activist investor. Box Inc lost its proxy battle this year. This was Box Inc’s first loss in almost a decade.