State of Alaska Department of Revenue boosted its holdings in shares of SPX Flow Inc (NYSE:FLOW) by 125.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,700 shares of the industrial products company’s stock after buying an additional 18,223 shares during the period. State of Alaska Department of Revenue’s holdings in SPX Flow were worth $1,290,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of FLOW. Dynamic Technology Lab Private Ltd acquired a new stake in SPX Flow during the first quarter worth $443,000. Marshall Wace LLP acquired a new stake in SPX Flow during the first quarter worth $3,225,000. Marshall Wace North America L.P. boosted its stake in SPX Flow by 5,498.8% during the first quarter. Marshall Wace North America L.P. now owns 65,674 shares of the industrial products company’s stock worth $2,097,000 after buying an additional 64,501 shares in the last quarter. ACR Alpine Capital Research LLC boosted its stake in SPX Flow by 7.8% during the first quarter. ACR Alpine Capital Research LLC now owns 2,260,757 shares of the industrial products company’s stock worth $72,118,000 after buying an additional 164,030 shares in the last quarter. Finally, FMR LLC boosted its stake in SPX Flow by 1.4% during the first quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock worth $32,051,000 after buying an additional 13,672 shares in the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.
FLOW has been the topic of a number of recent research reports. ValuEngine upgraded shares of SPX Flow from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Seaport Global Securities downgraded shares of SPX Flow from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 13th. Buckingham Research lifted their price target on shares of SPX Flow from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Zacks Investment Research upgraded shares of SPX Flow from a “strong sell” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.80.
Shares of NYSE FLOW opened at $37.63 on Friday. The firm’s 50-day simple moving average is $36.64 and its 200 day simple moving average is $36.98. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.10 and a beta of 2.11. The company has a quick ratio of 1.77, a current ratio of 2.12 and a debt-to-equity ratio of 0.68. SPX Flow Inc has a 12-month low of $27.23 and a 12-month high of $44.68.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.09). The company had revenue of $385.40 million for the quarter, compared to analyst estimates of $500.94 million. SPX Flow had a return on equity of 9.47% and a net margin of 4.51%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. On average, equities analysts expect that SPX Flow Inc will post 1.81 earnings per share for the current 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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