Robecosam AG increased its position in shares of SPX Flow Inc (NYSE:FLOW) by 133.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 630,600 shares of the industrial products company’s stock after acquiring an additional 360,400 shares during the period. Robecosam AG owned approximately 1.48% of SPX Flow worth $25,432,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Investors Research Corp acquired a new position in SPX Flow during the second quarter worth about $29,000. Nisa Investment Advisors LLC increased its stake in SPX Flow by 50.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 1,400 shares in the last quarter. Squar Milner Financial Services LLC increased its stake in SPX Flow by 71.4% in the 1st quarter. Squar Milner Financial Services LLC now owns 4,717 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 1,965 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in SPX Flow in the 2nd quarter worth about $262,000. Finally, Bailard Inc. purchased a new position in SPX Flow in the 1st quarter worth about $271,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.
FLOW has been the topic of a number of analyst reports. ValuEngine raised SPX Flow from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Seaport Global Securities cut SPX Flow from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Zacks Investment Research raised SPX Flow from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.60.
FLOW traded down $1.07 during trading on Tuesday, reaching $34.81. The company had a trading volume of 9,209 shares, compared to its average volume of 234,922. The company has a 50-day moving average of $39.13. The firm has a market capitalization of $1.64 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 2.30 and a beta of 2.03. SPX Flow Inc has a 12-month low of $27.23 and a 12-month high of $54.13. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 0.68.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.09). SPX Flow had a return on equity of 9.47% and a net margin of 4.51%. The business had revenue of $385.40 million for the quarter, compared to analyst estimates of $500.94 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. Analysts anticipate that SPX Flow Inc will post 1.83 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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