SeaBridge Investment Advisors LLC Has $2.99 Million Holdings in SPX Flow Inc (FLOW)

SeaBridge Investment Advisors LLC reduced its position in shares of SPX Flow Inc (NYSE:FLOW) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,474 shares of the industrial products company’s stock after selling 6,825 shares during the period. SeaBridge Investment Advisors LLC owned 0.14% of SPX Flow worth $2,989,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of SPX Flow by 7.2% during the 2nd quarter. BlackRock Inc. now owns 5,768,196 shares of the industrial products company’s stock worth $252,473,000 after purchasing an additional 386,557 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SPX Flow by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,552,010 shares of the industrial products company’s stock worth $67,931,000 after acquiring an additional 155,285 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of SPX Flow by 2.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,098,751 shares of the industrial products company’s stock worth $48,092,000 after acquiring an additional 27,015 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of SPX Flow by 9.0% in the second quarter. Voya Investment Management LLC now owns 555,351 shares of the industrial products company’s stock worth $24,308,000 after acquiring an additional 46,019 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of SPX Flow by 9.3% in the second quarter. Northern Trust Corp now owns 552,418 shares of the industrial products company’s stock worth $24,179,000 after acquiring an additional 47,212 shares during the last quarter. 87.39% of the stock is currently owned by institutional investors.

FLOW has been the topic of several research analyst reports. ValuEngine raised shares of SPX Flow from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Zacks Investment Research raised shares of SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, September 11th. Bank of America raised their target price on shares of SPX Flow from $32.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, August 2nd. TheStreet cut shares of SPX Flow from a “b” rating to a “c+” rating in a research report on Monday, July 23rd. Finally, Wolfe Research initiated coverage on shares of SPX Flow in a research report on Wednesday, June 27th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.63.

FLOW stock traded down $0.37 during midday trading on Friday, reaching $41.14. 3,458 shares of the company’s stock traded hands, compared to its average volume of 236,195. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.89. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. SPX Flow Inc has a fifty-two week low of $38.95 and a fifty-two week high of $54.92.

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

About SPX Flow

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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