SG Americas Securities LLC lifted its stake in SPX Flow Inc (NYSE:FLOW) by 280.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,956 shares of the industrial products company’s stock after acquiring an additional 11,760 shares during the quarter. SG Americas Securities LLC’s holdings in SPX Flow were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FLOW. Squar Milner Financial Services LLC bought a new stake in shares of SPX Flow in the second quarter worth approximately $134,000. Sei Investments Co. grew its stake in shares of SPX Flow by 1,203.0% in the first quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 4,752 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of SPX Flow by 24.0% in the first quarter. Xact Kapitalforvaltning AB now owns 6,709 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 1,300 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of SPX Flow by 535.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,777 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 5,711 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of SPX Flow in the second quarter worth approximately $339,000. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Shares of NYSE FLOW opened at $47.67 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 1.04. The company has a market cap of $2.01 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 0.48 and a beta of 1.92. SPX Flow Inc has a 12-month low of $35.57 and a 12-month high of $54.92.

SPX Flow (NYSE:FLOW) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. The company had revenue of $531.20 million during the quarter, compared to analyst estimates of $516.58 million. SPX Flow had a net margin of 4.01% and a return on equity of 8.55%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. equities research analysts anticipate that SPX Flow Inc will post 2.51 EPS for the current year.

FLOW has been the subject of a number of research analyst reports. ValuEngine upgraded shares of SPX Flow from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research upgraded shares of SPX Flow from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a research report on Friday, August 3rd. Bank of America boosted their target price on shares of SPX Flow from $32.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, August 2nd. TheStreet lowered shares of SPX Flow from a “b” rating to a “c+” rating in a research report on Monday, July 23rd. Finally, Wolfe Research began coverage on shares of SPX Flow in a research report on Wednesday, June 27th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.71.

SPX Flow Profile

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

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