Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of SPX Flow Inc (NYSE:FLOW) by 12.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,668 shares of the industrial products company’s stock after purchasing an additional 1,080 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in SPX Flow were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of FLOW. Bailard Inc. bought a new position in SPX Flow in the 1st quarter worth about $271,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of SPX Flow by 1.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 702,057 shares of the industrial products company’s stock valued at $22,396,000 after acquiring an additional 9,320 shares in the last quarter. Pennsylvania Trust Co bought a new position in shares of SPX Flow in the first quarter valued at approximately $234,000. American Century Companies Inc. boosted its holdings in shares of SPX Flow by 1.1% in the fourth quarter. American Century Companies Inc. now owns 67,488 shares of the industrial products company’s stock valued at $2,053,000 after acquiring an additional 742 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of SPX Flow by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 449,630 shares of the industrial products company’s stock valued at $13,677,000 after acquiring an additional 34,436 shares in the last quarter. Hedge funds and other institutional investors own 87.04% of the company’s stock.
Several research firms have recently issued reports on FLOW. Zacks Investment Research cut shares of SPX Flow from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. ValuEngine upgraded shares of SPX Flow from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.17.
SPX Flow stock opened at $37.59 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $1.58 billion, a PE ratio of 15.71, a P/E/G ratio of 1.59 and a beta of 2.20. SPX Flow Inc has a 12-month low of $27.23 and a 12-month high of $54.13.
SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $482.11 million. SPX Flow had a net margin of 2.30% and a return on equity of 10.42%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. As a group, sell-side analysts anticipate that SPX Flow Inc will post 2.56 EPS for the current fiscal year.
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SPX Flow Company 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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