Great West Life Assurance Co. Can Has $1,703,000 Position in SPX Flow Inc. (FLOW)
Great West Life Assurance Co. Can raised its position in shares of SPX Flow Inc. (NYSE:FLOW) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 55,097 shares of the company’s stock after buying an additional 1,010 shares during the period. Great West Life Assurance Co. Can owned 0.13% of SPX Flow worth $1,703,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Prudential Financial Inc. raised its position in shares of SPX Flow by 48.3% in the second quarter. Prudential Financial Inc. now owns 1,078,601 shares of the company’s stock valued at $28,119,000 after buying an additional 351,173 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. GSA Capital Partners LLP purchased a new position in shares of SPX Flow during the second quarter valued at about $346,000. Airain ltd purchased a new position in shares of SPX Flow during the second quarter valued at about $341,000. Finally, Swiss National Bank raised its position in shares of SPX Flow by 12.9% in the second quarter. Swiss National Bank now owns 66,718 shares of the company’s stock valued at $1,739,000 after buying an additional 7,600 shares during the last quarter. Institutional investors own 82.85% of the company’s stock.
Shares of SPX Flow Inc. (NYSE:FLOW) traded up 3.71% during midday trading on Wednesday, reaching $31.34. The company’s stock had a trading volume of 254,296 shares. The company’s market capitalization is $1.31 billion. SPX Flow Inc. has a 1-year low of $14.85 and a 1-year high of $33.92. The stock has a 50 day moving average of $27.52 and a 200-day moving average of $28.12.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. SPX Flow had a negative net margin of 17.39% and a positive return on equity of 6.09%. The firm had revenue of $466.80 million for the quarter, compared to analyst estimates of $64.15 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The firm’s revenue was down 20.8% compared to the same quarter last year. On average, equities research analysts anticipate that SPX Flow Inc. will post $0.15 earnings per share for the current year.
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Several brokerages have issued reports on FLOW. Credit Suisse Group AG lowered SPX Flow from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $39.00 to $23.00 in a report on Monday, November 14th. They noted that the move was a valuation call. Zacks Investment Research raised SPX Flow from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, October 13th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target (down previously from $39.00) on shares of SPX Flow in a report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.63.
In related news, Director Robert F. Hull, Jr. bought 5,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of $28.45 per share, for a total transaction of $142,250.00. Following the purchase, the director now owns 16,570 shares in the company, valued at approximately $471,416.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.60% of the stock is currently owned by insiders.
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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