Federated Investors Inc. PA trimmed its position in SPX Flow Inc (NYSE:FLOW) by 5.6% during the first quarter, Holdings Channel reports. The institutional investor owned 165,316 shares of the industrial products company’s stock after selling 9,735 shares during the quarter. Federated Investors Inc. PA’s holdings in SPX Flow were worth $5,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Rutabaga Capital Management LLC MA grew its holdings in SPX Flow by 6.9% during the first quarter. Rutabaga Capital Management LLC MA now owns 360,333 shares of the industrial products company’s stock worth $11,495,000 after purchasing an additional 23,150 shares during the period. Swiss National Bank grew its holdings in SPX Flow by 3.1% during the first quarter. Swiss National Bank now owns 77,518 shares of the industrial products company’s stock worth $2,473,000 after purchasing an additional 2,300 shares during the period. Dimensional Fund Advisors LP grew its holdings in SPX Flow by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,121,152 shares of the industrial products company’s stock worth $67,665,000 after purchasing an additional 184,057 shares during the period. Wells Fargo & Company MN grew its holdings in SPX Flow by 15.1% during the first quarter. Wells Fargo & Company MN now owns 34,577 shares of the industrial products company’s stock worth $1,103,000 after purchasing an additional 4,548 shares during the period. Finally, BlackRock Inc. grew its holdings in SPX Flow by 0.9% during the first quarter. BlackRock Inc. now owns 6,260,502 shares of the industrial products company’s stock worth $199,711,000 after purchasing an additional 58,807 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

A number of equities analysts recently commented on FLOW shares. ValuEngine upgraded SPX Flow from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.17.

Shares of NYSE:FLOW opened at $38.32 on Friday. SPX Flow Inc has a 12-month low of $27.23 and a 12-month high of $54.13. The company has a market cap of $1.63 billion, a PE ratio of 16.17, a PEG ratio of 1.63 and a beta of 1.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.05.

SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. SPX Flow had a return on equity of 10.42% and a net margin of 2.30%. The company had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $482.11 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts predict that SPX Flow Inc will post 2.55 earnings per share for the current fiscal year.

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SPX Flow Company Profile

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

Further Reading: What is Liquidity?

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

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