Strs Ohio reduced its stake in SPX Flow Inc. (NYSE:FLOW) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 11,400 shares of the company’s stock after selling 400 shares during the period. Strs Ohio’s holdings in SPX Flow were worth $352,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in FLOW. Alpine Investment Management LLC increased its stake in shares of SPX Flow by 6.0% in the second quarter. Alpine Investment Management LLC now owns 2,625,177 shares of the company’s stock valued at $68,438,000 after buying an additional 148,636 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of SPX Flow by 806.5% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 140,500 shares of the company’s stock valued at $3,663,000 after buying an additional 125,000 shares during the last quarter. Synovus Financial Corp increased its stake in shares of SPX Flow by 0.7% in the second quarter. Synovus Financial Corp now owns 10,713 shares of the company’s stock valued at $281,000 after buying an additional 70 shares during the last quarter. Airain ltd bought a new stake in shares of SPX Flow during the second quarter valued at about $341,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of SPX Flow during the second quarter valued at about $493,000. Institutional investors and hedge funds own 87.43% of the company’s stock.
Shares of SPX Flow Inc. (NYSE:FLOW) traded down 1.05% on Friday, hitting $31.14. The company’s stock had a trading volume of 115,645 shares. The firm’s market cap is $1.30 billion. The stock’s 50-day moving average price is $27.38 and its 200-day moving average price is $28.15. SPX Flow Inc. has a 52 week low of $14.85 and a 52 week high of $34.16.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. SPX Flow had a positive return on equity of 6.09% and a negative net margin of 17.39%. The company had revenue of $466.80 million for the quarter, compared to analysts’ expectations of $64.15 million. During the same quarter in the prior year, the business posted ($0.10) EPS. The business’s revenue was down 20.8% compared to the same quarter last year. Equities analysts expect that SPX Flow Inc. will post $0.15 earnings per share for the current fiscal year.
FLOW has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price objective (down previously from $39.00) on shares of SPX Flow in a research note on Friday, October 21st. Zacks Investment Research downgraded shares of SPX Flow from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Finally, Credit Suisse Group AG downgraded shares of SPX Flow from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $39.00 to $23.00 in a research note on Monday, November 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.63.
In related news, Director Robert F. Hull, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average price of $28.45 per share, for a total transaction of $142,250.00. Following the purchase, the director now directly owns 16,570 shares in the company, valued at approximately $471,416.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.
SPX Flow Company Profile
SPX FLOW, Inc is a global supplier of engineered solutions. 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.