Aperio Group LLC boosted its position in Flow International Corp (NASDAQ:FLOW) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,227 shares of the company’s stock after buying an additional 996 shares during the period. Aperio Group LLC owned approximately 0.14% of Flow International Corp worth $2,258,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new stake in Flow International Corp during the first quarter worth approximately $2,091,000. Rex Capital Advisors LLC purchased a new stake in Flow International Corp during the first quarter worth approximately $315,000. Finally, Russell Investments Group Ltd. increased its stake in Flow International Corp by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock worth $977,000 after buying an additional 1,468 shares during the last quarter.
Flow International Corp (NASDAQ:FLOW) traded down 1.00% during trading on Friday, reaching $31.63. 80,257 shares of the company’s stock were exchanged. Flow International Corp has a 1-year low of $22.34 and a 1-year high of $40.66. The company’s 50-day moving average is $35.68 and its 200-day moving average is $35.71. The company has a market capitalization of $1.34 billion and a PE ratio of 263.58.
Flow International Corp (NASDAQ:FLOW) last announced its earnings results on Wednesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by $0.04. The company had revenue of $498 million for the quarter, compared to analysts’ expectations of $499.28 million. Flow International Corp’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Equities research analysts expect that Flow International Corp will post $0.15 earnings per share for the current fiscal year.
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Several analysts recently issued reports on the company. Zacks Investment Research downgraded Flow International Corp from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of Flow International Corp in a report on Friday, July 14th. Wolfe Research assumed coverage on Flow International Corp in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. UBS AG upgraded Flow International Corp from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc upgraded Flow International Corp from a “neutral” rating to a “positive” rating and increased their price target for the company from $41.00 to $42.00 in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Flow International Corp currently has a consensus rating of “Hold” and an average target price of $39.83.
In related news, VP Stephen A. Tsoris sold 5,850 shares of Flow International Corp stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total value of $204,750.00. Following the transaction, the vice president now owns 44,694 shares in the company, valued at approximately $1,564,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Flow International Corp
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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