New York State Teachers Retirement System decreased its position in SPX Flow Inc. (NYSE:FLOW) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 72,130 shares of the company’s stock after selling 3,900 shares during the period. New York State Teachers Retirement System owned 0.17% of SPX Flow worth $1,880,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLOW. Nordea Investment Management AB bought a new position in shares of SPX Flow during the second quarter valued at $2,221,000. Alpha Windward LLC bought a new position in shares of SPX Flow during the second quarter valued at $380,000. BNP Paribas Arbitrage SA increased its position in shares of SPX Flow by 126.1% in the second quarter. BNP Paribas Arbitrage SA now owns 15,543 shares of the company’s stock valued at $405,000 after buying an additional 8,668 shares during the period. Pacad Investment Ltd. increased its position in shares of SPX Flow by 39.7% in the first quarter. Pacad Investment Ltd. now owns 11,599 shares of the company’s stock valued at $291,000 after buying an additional 3,299 shares during the period. Finally, Aperio Group LLC increased its position 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 period. Hedge funds and other institutional investors own 83.41% of the company’s stock.
SPX Flow Inc. (NYSE:FLOW) traded down 0.19% during mid-day trading on Friday, hitting $26.94. The stock had a trading volume of 207,501 shares. SPX Flow Inc. has a 12-month low of $14.85 and a 12-month high of $38.40. The stock’s market cap is $1.13 billion. The company has a 50-day moving average of $29.06 and a 200-day moving average of $28.15.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $528.80 million for the quarter, compared to analysts’ expectations of $64.15 million. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The company’s revenue was down 14.0% compared to the same quarter last year. On average, analysts anticipate that SPX Flow Inc. will post $0.15 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.50.
SPX Flow Company Profile
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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