Ameriprise Financial Inc. boosted its position in SPX Flow Inc. (NYSE:FLOW) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 225,504 shares of the company’s stock after buying an additional 4,688 shares during the period. Ameriprise Financial Inc. owned approximately 0.54% of SPX Flow worth $5,878,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of SPX Flow by 84.6% in the first quarter. Aperio Group LLC now owns 71,822 shares of the company’s stock valued at $1,801,000 after buying an additional 32,911 shares during the last quarter. Synovus Financial Corp boosted 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. GSA Capital Partners LLP bought a new stake in shares of SPX Flow during the second quarter valued at $346,000. Swiss National Bank boosted its stake in shares of SPX Flow by 12.9% in the second quarter. Swiss National Bank now owns 66,718 shares of the company’s stock valued at $1,739,000 after buying an additional 7,600 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of SPX Flow by 5.8% in the second quarter. California Public Employees Retirement System now owns 178,205 shares of the company’s stock valued at $4,646,000 after buying an additional 9,700 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.
Shares of SPX Flow Inc. (NYSE:FLOW) traded down 1.85% during midday trading on Wednesday, hitting $27.12. The company had a trading volume of 78,391 shares. SPX Flow Inc. has a 52 week low of $14.85 and a 52 week high of $38.40. The firm’s 50 day moving average is $29.27 and its 200 day moving average is $28.15. The company’s market capitalization is $1.13 billion.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. SPX Flow had a positive return on equity of 8.26% and a negative net margin of 16.41%. The firm had revenue of $528.80 million for the quarter, compared to analysts’ expectations of $64.15 million. During the same period in the previous year, the firm posted $1.15 EPS. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities research analysts anticipate that SPX Flow Inc. will post $0.15 EPS for the current year.
Separately, Zacks Investment Research raised SPX Flow from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. SPX Flow presently has an average rating of “Hold” and a consensus price target of $30.00.
About SPX Flow
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.
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