Convergence Investment Partners LLC Invests $1.19 Million in SPX Flow Inc (FLOW)

Convergence Investment Partners LLC bought a new stake in SPX Flow Inc (NYSE:FLOW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,024 shares of the industrial products company’s stock, valued at approximately $1,190,000. Convergence Investment Partners LLC owned about 0.06% of SPX Flow at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its stake in shares of SPX Flow by 6.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock valued at $865,000 after acquiring an additional 1,100 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of SPX Flow by 69.5% in the 3rd quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock valued at $1,379,000 after acquiring an additional 14,662 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of SPX Flow by 21.5% in the 3rd quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock valued at $2,798,000 after acquiring an additional 12,818 shares during the last quarter. Finally, Spitfire Capital LLC lifted its stake in shares of SPX Flow by 3.5% in the 3rd quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock valued at $10,179,000 after acquiring an additional 8,884 shares during the last quarter. 85.80% of the stock is owned by institutional investors.

In other SPX Flow news, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the completion of the transaction, the insider now owns 118,033 shares of the company’s stock, valued at approximately $4,950,304.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Eamigh sold 6,944 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $45.67, for a total value of $317,132.48. Following the transaction, the vice president now owns 43,013 shares in the company, valued at approximately $1,964,403.71. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

SPX Flow Inc (NYSE FLOW) opened at $47.60 on Friday. The company has a market capitalization of $2,030.73, a P/E ratio of 91.54, a price-to-earnings-growth ratio of 0.69 and a beta of 2.78. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 1.06. SPX Flow Inc has a 52-week low of $31.06 and a 52-week high of $48.97.

SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). SPX Flow had a net margin of 1.17% and a return on equity of 6.17%. equities research analysts forecast that SPX Flow Inc will post 1.23 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on SPX Flow from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Seaport Global Securities reissued a “buy” rating on shares of SPX Flow in a research note on Wednesday, November 1st. Finally, Wolfe Research lowered SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. SPX Flow has a consensus rating of “Hold” and a consensus target price of $42.33.

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About SPX Flow

SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.

Institutional Ownership by Quarter for SPX Flow (NYSE:FLOW)

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