Investors Buy Large Volume of SPX FLOW Call Options (NYSE:FLOW)

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SPX FLOW, Inc. (NYSE:FLOW) was the recipient of unusually large options trading on Wednesday. Traders purchased 5,154 call options on the stock. This represents an increase of approximately 7,593% compared to the average volume of 67 call options.

NYSE FLOW opened at $85.84 on Friday. The stock’s 50-day simple moving average is $84.36 and its two-hundred day simple moving average is $78.15. SPX FLOW has a twelve month low of $52.30 and a twelve month high of $88.55. 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 company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 46.91 and a beta of 1.66.

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

Several large investors have recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of SPX FLOW by 4.5% during the third quarter. CIBC Asset Management Inc now owns 3,646 shares of the industrial products company’s stock valued at $267,000 after buying an additional 156 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of SPX FLOW by 32.8% during the second quarter. Lazard Asset Management LLC now owns 672 shares of the industrial products company’s stock valued at $43,000 after buying an additional 166 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of SPX FLOW by 0.3% during the third 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 last quarter. Profund Advisors LLC grew its stake in shares of SPX FLOW by 4.7% during the second 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 last quarter. Finally, Stifel Financial Corp grew its stake in shares of SPX FLOW by 2.0% during the second quarter. Stifel Financial Corp now owns 14,944 shares of the industrial products company’s stock valued at $975,000 after buying an additional 297 shares during the last quarter. 95.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus downgraded SPX FLOW from a “buy” rating to a “hold” rating in a research report on Monday, December 13th. Zacks Investment Research downgraded SPX FLOW from a “strong-buy” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on SPX FLOW from $77.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 11th. Barclays raised their price target on SPX FLOW from $75.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 4th. Finally, Bank of America assumed coverage on SPX FLOW in a research report on Monday, September 27th. They set an “underperform” rating and a $75.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.40.

About SPX FLOW

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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