Flowserve (FLS) Shares Bought by Tredje AP fonden
Tredje AP fonden raised its holdings in Flowserve (NYSE:FLS) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,150 shares of the industrial products company’s stock after purchasing an additional 3,240 shares during the quarter. Tredje AP fonden’s holdings in Flowserve were worth $1,225,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. California Public Employees Retirement System boosted its holdings in shares of Flowserve by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 290,435 shares of the industrial products company’s stock valued at $12,236,000 after purchasing an additional 14,798 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Flowserve in the 4th quarter valued at $5,909,000. BlackRock Inc. boosted its holdings in shares of Flowserve by 1.7% in the 4th quarter. BlackRock Inc. now owns 8,348,224 shares of the industrial products company’s stock valued at $351,713,000 after purchasing an additional 139,724 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Flowserve in the 4th quarter valued at $264,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Flowserve in the 4th quarter valued at $648,000.
Flowserve opened at $44.59 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.62 and a current ratio of 2.29. Flowserve has a twelve month low of $37.51 and a twelve month high of $49.77. The firm has a market cap of $5.89 billion, a P/E ratio of 32.79, a PEG ratio of 1.62 and a beta of 1.46.
A number of brokerages have weighed in on FLS. Zacks Investment Research downgraded Flowserve from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 18th. Stifel Nicolaus reduced their target price on Flowserve from $44.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, May 14th. DA Davidson set a $42.00 target price on Flowserve and gave the company a “hold” rating in a report on Monday, May 14th. Finally, Royal Bank of Canada raised Flowserve from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Flowserve has an average rating of “Hold” and a consensus price target of $43.46.
Flowserve Company Profile
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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