Flowserve Corporation (FLS) Holdings Boosted by Sei Investments Co.

Sei Investments Co. grew its position in shares of Flowserve Corporation (NYSE:FLS) by 14.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 207,146 shares of the industrial products company’s stock after buying an additional 25,931 shares during the quarter. Sei Investments Co. owned 0.16% of Flowserve Corporation worth $8,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of FLS. BNP Paribas Arbitrage SA increased its stake in shares of Flowserve Corporation by 22.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 115,841 shares of the industrial products company’s stock worth $4,934,000 after purchasing an additional 21,272 shares during the last quarter. Golub Group LLC grew its stake in Flowserve Corporation by 4.5% in the 3rd quarter. Golub Group LLC now owns 1,224,722 shares of the industrial products company’s stock valued at $52,161,000 after buying an additional 52,722 shares in the last quarter. Isthmus Partners LLC grew its stake in Flowserve Corporation by 1.3% in the 3rd quarter. Isthmus Partners LLC now owns 118,798 shares of the industrial products company’s stock valued at $5,060,000 after buying an additional 1,573 shares in the last quarter. Stoneridge Investment Partners LLC grew its stake in Flowserve Corporation by 1,819.1% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 98,967 shares of the industrial products company’s stock valued at $4,215,000 after buying an additional 93,810 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its stake in Flowserve Corporation by 499.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 75,098 shares of the industrial products company’s stock valued at $3,198,000 after buying an additional 62,580 shares in the last quarter. 99.39% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently commented on FLS shares. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Flowserve Corporation in a research report on Monday, July 31st. Susquehanna Bancshares Inc upgraded shares of Flowserve Corporation from a “neutral” rating to a “positive” rating and reduced their price target for the company from $50.00 to $46.00 in a research report on Tuesday, August 15th. Cowen and Company restated a “buy” rating and set a $50.00 price target on shares of Flowserve Corporation in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Flowserve Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, UBS AG upgraded shares of Flowserve Corporation from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $44.27.

Flowserve Corporation (FLS) opened at $38.99 on Wednesday. Flowserve Corporation has a 52-week low of $37.51 and a 52-week high of $52.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 2.12. The stock has a market cap of $5,086.93, a PE ratio of 24.96, a P/E/G ratio of 3.15 and a beta of 1.55.

Flowserve Corporation (NYSE:FLS) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $883.38 million for the quarter, compared to analysts’ expectations of $871.20 million. Flowserve Corporation had a net margin of 4.58% and a return on equity of 12.09%. Flowserve Corporation’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. research analysts forecast that Flowserve Corporation will post 1.38 EPS for the current fiscal year.

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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