MetLife Investment Advisors LLC bought a new position in shares of Spx Flow (NYSE:FLOW) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,554 shares of the industrial products company’s stock, valued at approximately $930,000.
Other hedge funds also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. bought a new position in Spx Flow during the fourth quarter worth $202,000. Elkfork Partners LLC bought a new position in Spx Flow during the fourth quarter worth $233,000. CIBC Asset Management Inc bought a new position in Spx Flow during the fourth quarter worth $254,000. Flinton Capital Management LLC increased its position in Spx Flow by 28.7% during the fourth quarter. Flinton Capital Management LLC now owns 5,950 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 1,326 shares during the period. Finally, Aristotle Atlantic Partners LLC bought a new position in Spx Flow during the fourth quarter worth $488,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on FLOW. Zacks Investment Research lowered shares of Spx Flow from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. UBS lowered shares of Spx Flow from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and set a $62.00 target price (up previously from $55.00) on shares of Spx Flow in a research report on Tuesday, January 16th. Robert W. Baird reaffirmed a “buy” rating and set a $61.00 target price on shares of Spx Flow in a research report on Wednesday, April 4th. Finally, ValuEngine raised shares of Spx Flow from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.00.
Shares of Spx Flow stock opened at $49.55 on Thursday. The firm has a market capitalization of $2,012.88, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.55. Spx Flow has a 52-week low of $31.10 and a 52-week high of $54.92.
Spx Flow (NYSE:FLOW) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $529.20 million for the quarter, compared to analyst estimates of $515.37 million. Spx Flow had a net margin of 2.38% and a return on equity of 6.13%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. analysts expect that Spx Flow will post 2.47 EPS for the current fiscal year.
In other Spx Flow news, VP Jaime Manson Easley sold 4,665 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $48.78, for a total value of $227,558.70. Following the sale, the vice president now owns 10,184 shares of the company’s stock, valued at approximately $496,775.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.
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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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