Flowserve Corporation (FLS) Position Raised by Andra AP fonden

Andra AP fonden increased its position in shares of Flowserve Corporation (NYSE:FLS) by 57.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,000 shares of the industrial products company’s stock after purchasing an additional 11,300 shares during the quarter. Andra AP fonden’s holdings in Flowserve Corporation were worth $1,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gateway Investment Advisers LLC lifted its position in Flowserve Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 10,566 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 30 shares during the period. CIBC Asset Management Inc lifted its position in Flowserve Corporation by 0.3% during the second quarter. CIBC Asset Management Inc now owns 13,385 shares of the industrial products company’s stock worth $621,000 after purchasing an additional 46 shares during the period. Federated Investors Inc. PA lifted its position in Flowserve Corporation by 1.8% during the second quarter. Federated Investors Inc. PA now owns 2,539 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 46 shares during the period. Sentry Investment Management LLC lifted its position in Flowserve Corporation by 1.0% during the second quarter. Sentry Investment Management LLC now owns 9,306 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 89 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Flowserve Corporation by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 100 shares during the period.

Flowserve Corporation (NYSE:FLS) opened at $39.37 on Tuesday. Flowserve Corporation has a 52 week low of $37.51 and a 52 week high of $52.10. The company has a quick ratio of 1.30, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $5,111.75, a P/E ratio of 25.08, a PEG ratio of 3.16 and a beta of 1.55.

Flowserve Corporation (NYSE:FLS) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Flowserve Corporation had a return on equity of 12.09% and a net margin of 4.58%. The company had revenue of $883.38 million during the quarter, compared to the consensus estimate of $871.20 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. analysts expect that Flowserve Corporation will post 1.38 EPS for the current fiscal year.

A number of research firms have recently commented on FLS. Boenning Scattergood reissued a “hold” rating on shares of Flowserve Corporation in a report on Friday, July 28th. Cowen and Company reissued a “buy” rating and issued a $55.00 target price on shares of Flowserve Corporation in a report on Friday, July 28th. Zacks Investment Research raised shares of Flowserve Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub cut shares of Flowserve Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $49.00 target price on shares of Flowserve Corporation in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.27.

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About Flowserve Corporation

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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Institutional Ownership by Quarter for Flowserve Corporation (NYSE:FLS)

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