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


SPX FLOW, Inc. (NYSE:FLOW – Get Rating) was the recipient of some unusual options trades on Wednesday. Equity investors bought 5,199 put options on the company. This represents an increase of approximately 8,285% over the average volume of 62 put options.

NYSE FLOW opened at $86.49 on Thursday. The company has a market capitalization of $3.64 billion, a price-earnings ratio of 54.40 and a beta of 1.61. SPX FLOW has a 12-month low of $60.92 and a 12-month high of $88.55. The stock has a fifty-day simple moving average of $86.09 and a 200-day simple moving average of $83.56. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt ratio of 0.36.

SPX FLOW (NYSE:FLOW – Get Rating) last released quarterly earnings data on Wednesday, February 16. The industrial products company reported earnings per share (EPS) of $0.77 for the quarter, missing Zacks’ consensus estimate of $0.94 per ($0.17). SPX FLOW had a return on equity of 11.34% and a net margin of 4.36%. The company posted revenue of $394.00 million for the quarter, versus a consensus estimate of $399.50 million. During the same period last year, the company achieved EPS of $0.56. SPX FLOW revenue for the quarter decreased 0.5% compared to the same quarter last year. Research analysts expect SPX FLOW to post earnings per share of 3.78 for the current fiscal year.

Several hedge funds have recently changed their holdings to FLOW. BlackRock Inc. increased its stake in SPX FLOW by 2.1% in Q4. BlackRock Inc. now owns 6,475,124 shares of the industrial products company valued at $559,969,000 after buying an additional 132,266 shares last quarter. FMR LLC increased its stake in SPX FLOW shares by 1.4% during the 1st quarter. FMR LLC now owns 1,004,760 shares of the industrial products company worth $32,051,000 after acquiring an additional 13,672 shares in the last quarter. Robeco Schweiz AG increased its stake in SPX FLOW by 5.8% in the fourth quarter. Robeco Schweiz AG now owns 860,180 shares of the industrial products company worth $74,388,000 after purchasing an additional 47,480 shares in the last quarter. Robeco Institutional Asset Management BV increased its stake in SPX FLOW by 6.1% in the fourth quarter. Robeco Institutional Asset Management BV now owns 840,000 shares of the industrial products company worth $72,643,000 after buying an additional 48,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in SPX FLOW by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 701,038 shares of the industrial products company worth $60,625,000 after purchasing an additional 22,783 shares in the last quarter. Institutional investors hold 96.39% of the company’s shares.

Several equity analysts have recently weighed in on FLOW stocks. Barclays raised its price target on SPX FLOW from $75.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 4. Seaport Res Ptn reissued a “neutral” rating on SPX FLOW shares in a Tuesday, February 22 report. Zacks Investment Research upgraded SPX FLOW from a “buy” rating to a “sell” rating in a Monday, February 21 report. Finally, StockNews.com kicked off coverage on SPX FLOW in a research note on Tuesday. They issued a “holding” rating for the company. Three equity research analysts gave the stock a sell rating and six gave the company a hold rating. According to MarketBeat.com, SPX FLOW currently has an average rating of “Hold” and an average target price of $81.00.

SPX FLOW Company Profile (Get a rating)

SPX FLOW, Inc, together with its subsidiaries, researches, designs, develops, supplies 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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