UBS Asset Management Americas Inc. raised its stake in shares of SPX Flow Inc. (NYSE:FLOW) by 22.2% during the second quarter, Holdings Channel reports. The firm owned 43,371 shares of the company’s stock after buying an additional 7,882 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.10% of SPX Flow worth $1,130,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of FLOW. Financial Architects Inc raised its position in shares of SPX Flow by 3,795.9% in the second quarter. Financial Architects Inc now owns 9,545 shares of the company’s stock valued at $249,000 after buying an additional 9,300 shares during the last quarter. Synovus Financial Corp raised its position 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. Pacad Investment Ltd. raised 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 last quarter. Strs Ohio purchased a new position in shares of SPX Flow during the second quarter valued at about $307,000. Finally, Airain ltd purchased a new position in shares of SPX Flow during the second quarter valued at about $341,000. 83.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SPX Flow Inc. (NYSE:FLOW) opened at 26.93 on Monday. The company has a 50-day moving average of $29.06 and a 200-day moving average of $28.15. The firm’s market cap is $1.13 billion. SPX Flow Inc. has a 12 month low of $14.85 and a 12 month 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, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $528.80 million for the quarter, compared to analyst estimates of $64.15 million. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 EPS. Equities analysts forecast 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 report on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SPX Flow presently has an average rating of “Hold” and an average price target of $28.50.
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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