Goldman Sachs Group Inc. lifted its holdings in Spx Flow (NYSE:FLOW) by 62.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,698 shares of the industrial products company’s stock after buying an additional 73,656 shares during the period. Goldman Sachs Group Inc. owned approximately 0.45% of Spx Flow worth $9,115,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Spx Flow in the 4th quarter worth approximately $21,587,000. BlackRock Inc. raised its holdings in shares of Spx Flow by 3.4% in the 4th quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock worth $252,767,000 after purchasing an additional 176,983 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Spx Flow by 399.5% in the 4th quarter. Renaissance Technologies LLC now owns 106,900 shares of the industrial products company’s stock worth $5,083,000 after purchasing an additional 85,500 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Spx Flow by 16.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 525,644 shares of the industrial products company’s stock worth $24,994,000 after purchasing an additional 74,611 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Spx Flow by 224.6% in the 4th quarter. Arizona State Retirement System now owns 71,090 shares of the industrial products company’s stock worth $3,380,000 after purchasing an additional 49,190 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.
Shares of FLOW stock opened at $49.19 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. Spx Flow has a 1 year low of $31.10 and a 1 year high of $54.92. The firm has a market cap of $2,090.23, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 0.50 and a beta of 2.05.
In other Spx Flow news, VP Jaime Manson Easley sold 4,665 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $48.78, for a total transaction of $227,558.70. Following the sale, the vice president now owns 10,184 shares of the company’s stock, valued at approximately $496,775.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
A number of equities research analysts recently commented on the stock. UBS cut shares of Spx Flow from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus lowered their price target on shares of Spx Flow from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Robert W. Baird lifted their price target on shares of Spx Flow from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $50.00 price target on shares of Spx Flow in a report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Spx Flow from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Spx Flow presently has a consensus rating of “Hold” and a consensus price target of $50.00.
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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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