Stock Traders Purchase High Volume of Put Options on SPX FLOW (NYSE:FLOW)

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SPX FLOW, Inc. (NYSE:FLOW) was the recipient of unusually large options trading activity on Wednesday. Investors bought 5,199 put options on the company. This represents an increase of approximately 8,285% compared to the typical volume of 62 put options.

FLOW has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on shares of SPX FLOW from $77.00 to $79.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 11th. Robert W. Baird cut shares of SPX FLOW from an “outperform” rating to a “neutral” rating in a research note on Monday, December 13th. Zacks Investment Research upgraded shares of SPX FLOW from a “sell” rating to a “hold” rating and set a $92.00 price target for the company in a research note on Friday, November 12th. Stifel Nicolaus cut shares of SPX FLOW from a “buy” rating to a “hold” rating in a research note on Monday, December 13th. Finally, Bank of America assumed coverage on shares of SPX FLOW in a research note on Monday, September 27th. They issued an “underperform” rating and a $75.00 target price for the company. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew 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 worth $267,000 after acquiring an additional 156 shares during the period. Lazard Asset Management LLC grew its holdings in SPX FLOW by 32.8% during the 2nd quarter. Lazard Asset Management LLC now owns 672 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 166 shares during the period. New York State Teachers Retirement System grew its holdings in shares of SPX FLOW by 0.3% in the 3rd quarter. New York State Teachers Retirement System now owns 67,930 shares of the industrial products company’s stock valued at $4,966,000 after buying an additional 200 shares during the period. IndexIQ Advisors LLC grew its holdings in shares of SPX FLOW by 3.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 6,388 shares of the industrial products company’s stock valued at $417,000 after buying an additional 220 shares during the period. Finally, Profund Advisors LLC grew its holdings in shares of SPX FLOW by 4.7% in the 2nd quarter. Profund Advisors LLC now owns 5,316 shares of the industrial products company’s stock valued at $347,000 after buying an additional 238 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

FLOW stock opened at $86.25 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.65 and a quick ratio of 1.18. The company has a 50 day moving average price of $82.42 and a 200 day moving average price of $76.62. SPX FLOW has a fifty-two week low of $52.30 and a fifty-two week high of $88.55. The stock has a market capitalization of $3.62 billion, a PE ratio of 47.13 and a beta of 1.67.

SPX FLOW (NYSE:FLOW) last released its earnings results on Wednesday, November 10th. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. SPX FLOW had a net margin of 5.04% and a return on equity of 10.45%. The firm had revenue of $389.60 million during the quarter, compared to analyst estimates of $384.00 million. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, equities analysts expect that SPX FLOW will post 2.97 earnings per share for the current fiscal year.

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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