Aperio Group LLC Increases Position in SPX Flow Inc (NYSE:FLOW)

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Aperio Group LLC boosted its stake in SPX Flow Inc (NYSE:FLOW) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,412 shares of the industrial products company’s stock after acquiring an additional 3,160 shares during the quarter. Aperio Group LLC owned about 0.15% of SPX Flow worth $3,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOW. BlackRock Inc. boosted its stake in shares of 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 buying an additional 176,983 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SPX Flow by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock valued at $22,408,000 after buying an additional 1,890 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of SPX Flow by 0.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock valued at $20,880,000 after buying an additional 3,009 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of SPX Flow by 0.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,996 shares of the industrial products company’s stock valued at $19,234,000 after buying an additional 2,345 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of 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 buying an additional 141,853 shares during the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

Shares of FLOW stock traded up $0.22 on Thursday, hitting $44.29. 104,300 shares of the stock traded hands, compared to its average volume of 268,230. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.91 billion, a P/E ratio of 34.77, a P/E/G ratio of 0.45 and a beta of 1.93. SPX Flow Inc has a 1-year low of $31.10 and a 1-year high of $54.92.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. SPX Flow had a return on equity of 7.71% and a net margin of 3.45%. The business had revenue of $490.30 million for the quarter, compared to analyst estimates of $479.60 million. During the same period in the prior year, the company posted ($0.01) EPS. The business’s revenue was up 13.2% compared to the same quarter last year. research analysts forecast that SPX Flow Inc will post 2.49 EPS for the current fiscal year.

Several equities analysts have recently commented on the company. ValuEngine upgraded SPX Flow from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus increased their target price on SPX Flow from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 16th. Robert W. Baird reiterated a “buy” rating and set a $61.00 target price on shares of SPX Flow in a research note on Wednesday, April 4th. Barclays assumed coverage on SPX Flow in a research note on Thursday, February 15th. They set an “equal weight” rating and a $50.00 target price for the company. Finally, Zacks Investment Research cut SPX Flow from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Two equities 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.67.

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.

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

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