SPX FLOW Target of Unusually Large Options Trading (NYSE:FLOW)

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SPX FLOW, Inc. (NYSE:FLOW) saw unusually large options trading on Wednesday. Traders bought 5,154 call options on the company. This is an increase of approximately 7,593% compared to the average volume of 67 call options.

Several hedge funds have recently modified their holdings of FLOW. O Shaughnessy Asset Management LLC increased its stake in SPX FLOW by 4,512.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 369 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 361 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in SPX FLOW by 740.7% in the third quarter. First Horizon Advisors Inc. now owns 950 shares of the industrial products company’s stock worth $40,000 after buying an additional 837 shares during the period. Lazard Asset Management LLC lifted its holdings in SPX FLOW by 32.8% in the second quarter. Lazard Asset Management LLC now owns 672 shares of the industrial products company’s stock worth $43,000 after buying an additional 166 shares during the period. Spire Wealth Management purchased a new position in shares of SPX FLOW during the fourth quarter valued at approximately $59,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of SPX FLOW by 1,988.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 940 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 895 shares during the last quarter. Institutional investors own 95.60% of the company’s stock.

FLOW stock opened at $85.95 on Thursday. The firm has a market cap of $3.61 billion, a PE ratio of 46.97 and a beta of 1.61. The company has a quick ratio of 1.18, a current ratio of 1.65 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $85.67 and a 200-day moving average of $80.86. SPX FLOW has a 12-month low of $56.32 and a 12-month high of $88.55.

SPX FLOW (NYSE:FLOW) last posted its quarterly earnings data on Wednesday, November 10th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. The business had revenue of $389.60 million for the quarter, compared to the consensus estimate of $384.00 million. SPX FLOW had a return on equity of 10.45% and a net margin of 5.04%. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, research analysts expect that SPX FLOW will post 2.97 earnings per share for the current year.

FLOW has been the topic of several research reports. Royal Bank of Canada upped their price target on SPX FLOW from $77.00 to $79.00 and gave the company a “sector perform” rating in a research note on Thursday, November 11th. Zacks Investment Research upgraded SPX FLOW from a “sell” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Monday, January 24th. Robert W. Baird cut SPX FLOW from an “outperform” rating to a “neutral” rating in a research report on Monday, December 13th. Stifel Nicolaus cut SPX FLOW from a “buy” rating to a “hold” rating in a report on Monday, December 13th. Finally, Barclays raised their price objective on SPX FLOW from $75.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $81.00.

SPX FLOW Company Profile

SPX Flow, Inc engages in manufacturing and distributing industrial components. It operates through the following segments: Food & Beverage and Industrial. The Food and Beverage segment includes mixing, drying, evaporation, and separation systems and components, heat exchangers, and reciprocating and centrifugal pump technologies.

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