Janney Montgomery Scott LLC increased its holdings in shares of SPX Flow Inc (NYSE:FLOW) by 17.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,222 shares of the industrial products company’s stock after purchasing an additional 6,567 shares during the period. Janney Montgomery Scott LLC’s holdings in SPX Flow were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. NumerixS Investment Technologies Inc purchased a new position in SPX Flow in the fourth quarter valued at $33,000. Quantamental Technologies LLC purchased a new position in SPX Flow in the fourth quarter valued at $43,000. Cutler Group LP purchased a new position in SPX Flow in the fourth quarter valued at $73,000. Nisa Investment Advisors LLC increased its holdings in SPX Flow by 44.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,750 shares of the industrial products company’s stock valued at $84,000 after buying an additional 850 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in SPX Flow by 14.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,384 shares of the industrial products company’s stock valued at $103,000 after buying an additional 429 shares in the last quarter. 87.04% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of SPX Flow from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. ValuEngine raised shares of SPX Flow from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.17.
FLOW opened at $37.59 on Thursday. SPX Flow Inc has a fifty-two week low of $27.23 and a fifty-two week high of $54.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.05. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.59 and a beta of 2.20.
SPX Flow (NYSE:FLOW) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $482.11 million. SPX Flow had a net margin of 2.30% and a return on equity of 10.42%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, equities analysts anticipate that SPX Flow Inc will post 2.56 EPS for the current year.
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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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