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

SPX FLOW, Inc. (NYSE:FLOWGet Rating) saw some unusual options trading on Wednesday. Stock investors purchased 5,154 call options on the stock. This is an increase of approximately 7,593% compared to the typical daily volume of 67 call options.

Shares of SPX FLOW stock opened at $86.49 on Thursday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 54.40 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.22 and a current ratio of 1.69. The stock has a 50 day moving average price of $86.09 and a 200-day moving average price of $83.56. SPX FLOW has a one year low of $60.92 and a one year high of $88.55.

SPX FLOW (NYSE:FLOWGet Rating) last announced its earnings results on Wednesday, February 16th. The industrial products company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.17). SPX FLOW had a return on equity of 11.34% and a net margin of 4.36%. The company had revenue of $394.00 million during the quarter, compared to analysts’ expectations of $399.50 million. During the same quarter last year, the firm posted $0.56 EPS. SPX FLOW’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts predict that SPX FLOW will post 3.78 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its holdings in SPX FLOW by 4.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,646 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 156 shares during the period. Mutual of America Capital Management LLC boosted its holdings in SPX FLOW by 3.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,734 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 183 shares during the period. Louisiana State Employees Retirement System boosted its holdings in SPX FLOW by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock valued at $1,756,000 after acquiring an additional 200 shares during the period. Swiss National Bank boosted its holdings in SPX FLOW by 0.3% during the 3rd quarter. Swiss National Bank now owns 93,218 shares of the industrial products company’s stock valued at $6,814,000 after acquiring an additional 300 shares during the period. Finally, Maryland State Retirement & Pension System raised its position in SPX FLOW by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 16,732 shares of the industrial products company’s stock valued at $1,447,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 96.39% of the company’s stock.

Several equities analysts have weighed in on FLOW shares. Seaport Res Ptn restated a “neutral” rating on shares of SPX FLOW in a report on Tuesday, February 22nd. StockNews.com started coverage on SPX FLOW in a report on Tuesday. They set a “hold” rating for the company. Barclays raised their price target on SPX FLOW from $75.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, January 4th. Finally, Zacks Investment Research cut SPX FLOW from a “buy” rating to a “sell” rating in a report on Monday, February 21st. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $81.00.

About SPX FLOW (Get Rating)

SPX FLOW, Inc, together with its subsidiaries, researches, designs, develops, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Nutrition and Health segment, and Precision Solutions.

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