Aperio Group LLC lifted its position in shares of SPX Flow Inc (NYSE:FLOW) by 21.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 79,255 shares of the industrial products company’s stock after purchasing an additional 13,843 shares during the quarter. Aperio Group LLC owned about 0.19% of SPX Flow worth $3,469,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Northpointe Capital LLC acquired a new stake in shares of SPX Flow during the 2nd quarter valued at approximately $3,923,000. Squar Milner Financial Services LLC acquired a new stake in shares of SPX Flow during the 2nd quarter valued at approximately $134,000. Municipal Employees Retirement System of Michigan raised its position in shares of SPX Flow by 8.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,450 shares of the industrial products company’s stock valued at $808,000 after acquiring an additional 1,480 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of SPX Flow during the 2nd quarter valued at approximately $2,691,000. Finally, Thompson Investment Management Inc. raised its position in shares of SPX Flow by 14.5% during the 2nd quarter. Thompson Investment Management Inc. now owns 17,165 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 2,175 shares in the last quarter. Institutional investors and hedge funds own 84.83% of the company’s stock.
Several equities research analysts recently issued reports on FLOW shares. Zacks Investment Research raised SPX Flow from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, August 13th. ValuEngine raised SPX Flow from a “hold” rating to a “buy” rating in a research report on Saturday. TheStreet lowered SPX Flow from a “b” rating to a “c+” rating in a research report on Monday, July 23rd. Royal Bank of Canada restated a “hold” rating and set a $45.00 price objective on shares of SPX Flow in a research note on Thursday, August 2nd. Finally, Wolfe Research assumed coverage on SPX Flow in a research note on Wednesday, June 27th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $52.57.
Shares of FLOW opened at $47.67 on Friday. The firm has a market cap of $1.96 billion, a P/E ratio of 37.54, a P/E/G ratio of 0.47 and a beta of 1.95. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. SPX Flow Inc has a 12 month low of $31.10 and a 12 month high of $54.92.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. The firm had revenue of $531.20 million during the quarter, compared to the consensus estimate of $516.58 million. SPX Flow had a return on equity of 8.55% and a net margin of 4.01%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. equities analysts forecast that SPX Flow Inc will post 2.51 earnings per share for the current fiscal year.
About SPX Flow
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.
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