American Century Companies Inc. increased its position in shares of SPX Flow Inc (NYSE:FLOW) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 67,488 shares of the industrial products company’s stock after buying an additional 742 shares during the quarter. American Century Companies Inc.’s holdings in SPX Flow were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in SPX Flow by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,937,095 shares of the industrial products company’s stock worth $58,927,000 after buying an additional 187,027 shares during the last quarter. Man Group plc grew its stake in shares of SPX Flow by 40.4% in the 3rd quarter. Man Group plc now owns 229,969 shares of the industrial products company’s stock valued at $11,958,000 after purchasing an additional 66,195 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SPX Flow by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 449,630 shares of the industrial products company’s stock valued at $13,677,000 after purchasing an additional 34,436 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of SPX Flow by 11.5% in the 4th quarter. Two Sigma Advisers LP now owns 76,300 shares of the industrial products company’s stock valued at $2,321,000 after purchasing an additional 7,859 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of SPX Flow in the 3rd quarter valued at approximately $780,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.
Shares of FLOW stock opened at $35.71 on Wednesday. SPX Flow Inc has a twelve month low of $27.23 and a twelve month high of $54.13. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.51 and a beta of 2.17. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.75.
SPX Flow (NYSE:FLOW) last announced its earnings results on Tuesday, February 5th. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. SPX Flow had a return on equity of 10.16% and a net margin of 2.11%. The company had revenue of $538.30 million for the quarter, compared to the consensus estimate of $543.38 million. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that SPX Flow Inc will post 2.61 EPS for the current year.
Several research analysts have weighed in on FLOW shares. Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Royal Bank of Canada downgraded SPX Flow from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $35.00 to $27.00 in a research note on Thursday, January 3rd. Finally, ValuEngine upgraded SPX Flow from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $43.17.
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SPX Flow Company 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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