Janney Montgomery Scott LLC Acquires 1,322 Shares of SPX Flow Inc (NYSE:FLOW)

Janney Montgomery Scott LLC raised its position in shares of SPX Flow Inc (NYSE:FLOW) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,576 shares of the industrial products company’s stock after acquiring an additional 1,322 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.13% of SPX Flow worth $2,081,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Simplex Trading LLC boosted its position in SPX Flow by 174.1% during the 2nd quarter. Simplex Trading LLC now owns 773 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 491 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in SPX Flow during the 1st quarter valued at approximately $91,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of SPX Flow by 17.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,752 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 564 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of SPX Flow during the fourth quarter valued at approximately $225,000. Finally, Jane Street Group LLC purchased a new position in shares of SPX Flow during the fourth quarter valued at approximately $251,000. 93.35% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on FLOW. Barclays lowered their target price on shares of SPX Flow from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Royal Bank of Canada lifted their target price on shares of SPX Flow from $26.00 to $31.00 and gave the company an “underperform” rating in a report on Thursday. Robert W. Baird lowered their target price on shares of SPX Flow from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Vertical Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Thursday, July 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. SPX Flow presently has a consensus rating of “Hold” and an average target price of $39.71.

Shares of NYSE FLOW opened at $40.08 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of 29.40, a PEG ratio of 11.77 and a beta of 1.90. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $36.32 and a 200 day moving average of $35.20. SPX Flow Inc has a twelve month low of $15.74 and a twelve month high of $49.94.

SPX Flow (NYSE:FLOW) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. The business had revenue of $308.10 million during the quarter, compared to analyst estimates of $290.38 million. SPX Flow had a negative net margin of 15.43% and a positive return on equity of 6.51%. The company’s quarterly revenue was down 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. As a group, equities analysts expect that SPX Flow Inc will post 0.75 earnings per share for the current fiscal year.

SPX Flow Profile

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

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Institutional Ownership by Quarter for SPX Flow (NYSE:FLOW)

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