Mason Street Advisors LLC acquired a new stake in shares of SPX Flow Inc. (NYSE:FLOW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,150 shares of the company’s stock, valued at approximately $212,000.
A number of other hedge funds have also modified their holdings of the stock. PineBridge Investments L.P. raised its stake in shares of SPX Flow by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,287 shares of the company’s stock worth $138,000 after buying an additional 200 shares in the last quarter. Invictus RG purchased a new stake in shares of SPX Flow during the second quarter worth about $147,000. Teacher Retirement System of Texas raised its stake in shares of SPX Flow by 27.1% in the second quarter. Teacher Retirement System of Texas now owns 5,805 shares of the company’s stock worth $151,000 after buying an additional 1,238 shares in the last quarter. AXA purchased a new stake in shares of SPX Flow during the second quarter worth about $177,000. Finally, US Bancorp DE raised its stake in shares of SPX Flow by 11.1% in the second quarter. US Bancorp DE now owns 7,468 shares of the company’s stock worth $194,000 after buying an additional 746 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors.
Shares of SPX Flow Inc. (NYSE:FLOW) opened at 27.63 on Wednesday. The firm has a 50-day moving average price of $29.27 and a 200-day moving average price of $28.15. The stock’s market cap is $1.16 billion. SPX Flow Inc. has a 52-week low of $14.85 and a 52-week high of $38.40.
SPX Flow (NYSE:FLOW) last issued its earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business earned $528.80 million during the quarter, compared to the consensus estimate of $64.15 million. SPX Flow had a positive return on equity of 8.26% and a negative net margin of 16.41%. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. On average, analysts anticipate that SPX Flow Inc. will post $0.15 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered SPX Flow from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $30.00.
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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