SPX Flow Inc (FLOW) Shares Bought by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its position in shares of SPX Flow Inc (NYSE:FLOW) by 10.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,854 shares of the industrial products company’s stock after purchasing an additional 714 shares during the period. Flinton Capital Management LLC’s holdings in SPX Flow were worth $239,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in FLOW. First Trust Advisors LP increased its stake in SPX Flow by 389.3% in the 3rd quarter. First Trust Advisors LP now owns 37,846 shares of the industrial products company’s stock worth $1,968,000 after acquiring an additional 30,111 shares during the last quarter. Russell Investments Group Ltd. increased its stake in SPX Flow by 109.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,014 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 4,714 shares during the last quarter. Victory Capital Management Inc. bought a new stake in SPX Flow in the 3rd quarter worth approximately $428,000. Wells Fargo & Company MN increased its stake in SPX Flow by 31.5% in the 3rd quarter. Wells Fargo & Company MN now owns 29,912 shares of the industrial products company’s stock worth $1,556,000 after acquiring an additional 7,161 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in SPX Flow by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 66,746 shares of the industrial products company’s stock worth $3,471,000 after acquiring an additional 5,031 shares during the last quarter. Institutional investors and hedge funds own 87.10% of the company’s stock.
A number of analysts have issued reports on FLOW shares. Zacks Investment Research raised SPX Flow from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine downgraded SPX Flow from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Finally, Royal Bank of Canada downgraded SPX Flow from a “sector perform” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $27.00 in a research note on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.63.
SPX Flow (NYSE:FLOW) last released its earnings results on Tuesday, February 5th. The industrial products company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $538.30 million for the quarter, compared to the consensus estimate of $543.38 million. SPX Flow had a return on equity of 10.16% and a net margin of 2.11%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. On average, equities analysts expect that SPX Flow Inc will post 2.61 earnings per share for the current 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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