Aperio Group LLC raised its holdings in shares of SPX Flow Inc (NYSE:FLOW) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,412 shares of the industrial products company’s stock after acquiring an additional 3,160 shares during the period. Aperio Group LLC owned approximately 0.15% of SPX Flow worth $3,218,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in FLOW. BlackRock Inc. lifted its stake in SPX Flow by 3.4% during the 4th quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock valued at $252,767,000 after acquiring an additional 176,983 shares during the period. Prudential Financial Inc. lifted its stake in SPX Flow by 58.1% during the 1st quarter. Prudential Financial Inc. now owns 386,213 shares of the industrial products company’s stock valued at $18,998,000 after acquiring an additional 141,853 shares during the period. Renaissance Technologies LLC lifted its stake in SPX Flow by 399.5% during the 4th quarter. Renaissance Technologies LLC now owns 106,900 shares of the industrial products company’s stock valued at $5,083,000 after acquiring an additional 85,500 shares during the period. Hennessy Advisors Inc. acquired a new stake in SPX Flow during the 1st quarter valued at approximately $4,117,000. Finally, Two Sigma Investments LP acquired a new stake in SPX Flow during the 4th quarter valued at approximately $3,704,000. Institutional investors and hedge funds own 87.16% of the company’s stock.
Several equities analysts recently issued reports on FLOW shares. Stifel Nicolaus boosted their target price on shares of SPX Flow from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 16th. Zacks Investment Research cut shares of SPX Flow from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. ValuEngine upgraded shares of SPX Flow from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Barclays started coverage on shares of SPX Flow in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $61.00 target price on shares of SPX Flow in a research note on Wednesday, April 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $54.67.
SPX Flow traded up $0.22, hitting $44.29, on Thursday, according to Marketbeat.com. The company had a trading volume of 104,300 shares, compared to its average volume of 268,230. The firm has a market cap of $1.91 billion, a PE ratio of 34.77, a PEG ratio of 0.45 and a beta of 1.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.53. SPX Flow Inc has a 12-month low of $31.10 and a 12-month high of $54.92.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $490.30 million during the quarter, compared to analyst estimates of $479.60 million. SPX Flow had a net margin of 3.45% and a return on equity of 7.71%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. equities analysts predict that SPX Flow Inc will post 2.49 EPS for the current fiscal year.
SPX Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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