Flowserve Co. (NYSE:FLS) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in Flowserve Co. (NYSE:FLS - Free Report) by 63.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 472,322 shares of the industrial products company's stock after buying an additional 182,547 shares during the period. Schonfeld Strategic Advisors LLC owned 0.36% of Flowserve worth $27,168,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLS. Headlands Technologies LLC lifted its stake in Flowserve by 4,790.0% in the 4th quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company's stock worth $28,000 after purchasing an additional 479 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Flowserve during the third quarter worth approximately $29,000. UMB Bank n.a. boosted its position in shares of Flowserve by 64.2% during the 4th quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 278 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Flowserve by 185.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company's stock valued at $53,000 after buying an additional 595 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Flowserve by 34.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock valued at $62,000 after buying an additional 275 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Up 3.0 %

Shares of NYSE:FLS traded up $1.38 during trading on Friday, hitting $47.54. The company's stock had a trading volume of 1,963,985 shares, compared to its average volume of 1,284,608. The company has a market capitalization of $6.26 billion, a PE ratio of 22.22, a P/E/G ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. Flowserve Co. has a fifty-two week low of $37.34 and a fifty-two week high of $65.08. The business has a 50 day moving average price of $46.80 and a two-hundred day moving average price of $55.03.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.13. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Flowserve's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. As a group, research analysts expect that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.77%. Flowserve's payout ratio is currently 39.25%.

Analyst Ratings Changes

FLS has been the subject of a number of research analyst reports. Citigroup lowered their price target on Flowserve from $72.00 to $56.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com upgraded shares of Flowserve from a "hold" rating to a "buy" rating in a research report on Wednesday. Robert W. Baird reduced their price target on shares of Flowserve from $71.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Flowserve from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Baird R W raised Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $64.11.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.