SPX Flow Inc (FLOW) Stake Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of SPX Flow Inc (NYSE:FLOW) by 36.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,562 shares of the industrial products company’s stock after selling 2,045 shares during the period. Envestnet Asset Management Inc.’s holdings in SPX Flow were worth $175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of SPX Flow by 3.4% during the 4th quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock valued at $252,767,000 after purchasing an additional 176,983 shares in the last quarter. Bank of New York Mellon Corp grew its position in SPX Flow by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock worth $22,408,000 after acquiring an additional 1,890 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in SPX Flow by 0.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock worth $20,880,000 after acquiring an additional 3,009 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in SPX Flow by 0.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 390,996 shares of the industrial products company’s stock worth $19,234,000 after acquiring an additional 2,345 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in SPX Flow by 58.1% in the first quarter. Prudential Financial Inc. now owns 386,213 shares of the industrial products company’s stock worth $18,998,000 after acquiring an additional 141,853 shares in the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

Shares of SPX Flow opened at $45.10 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.81. SPX Flow Inc has a 52-week low of $31.10 and a 52-week high of $54.92. The firm has a market capitalization of $1.88 billion, a P/E ratio of 35.51, a P/E/G ratio of 0.44 and a beta of 1.93.



SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. SPX Flow had a net margin of 3.45% and a return on equity of 7.71%. The business had revenue of $490.30 million during the quarter, compared to analyst estimates of $479.60 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. sell-side analysts predict that SPX Flow Inc will post 2.49 EPS for the current year.

Several brokerages recently issued reports on FLOW. ValuEngine lowered shares of SPX Flow from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Vertical Research lowered shares of SPX Flow from a “buy” rating to a “hold” rating in a research report on Monday, April 16th. Robert W. Baird reiterated a “buy” rating and issued a $61.00 target price on shares of SPX Flow in a research report on Wednesday, April 4th. Zacks Investment Research lowered shares of SPX Flow from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Finally, Stifel Nicolaus upped their target price on shares of SPX Flow from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.67.

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.

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

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