Flowserve Co. (NYSE:FLS) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Flowserve Co. (NYSE:FLS - Free Report) by 51.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,884 shares of the industrial products company's stock after buying an additional 35,735 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Flowserve worth $5,421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC increased its position in shares of Flowserve by 185.9% during the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company's stock worth $27,000 after acquiring an additional 370 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Flowserve during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Flowserve in the 3rd quarter worth approximately $29,000. nVerses Capital LLC purchased a new stake in Flowserve in the 2nd quarter worth approximately $34,000. Finally, Allworth Financial LP increased its holdings in shares of Flowserve by 159.9% in the 3rd quarter. Allworth Financial LP now owns 655 shares of the industrial products company's stock worth $34,000 after buying an additional 403 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve Trading Down 0.3 %

NYSE FLS traded down $0.18 during trading on Wednesday, hitting $61.37. The stock had a trading volume of 270,688 shares, compared to its average volume of 1,102,529. The company has a market capitalization of $8.06 billion, a PE ratio of 30.47, a PEG ratio of 1.47 and a beta of 1.41. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $56.20 and a 200 day moving average price of $50.94. Flowserve Co. has a twelve month low of $38.07 and a twelve month high of $62.22.

Flowserve (NYSE:FLS - Get Free Report) last released its earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Flowserve Co. will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLS has been the subject of several analyst reports. Mizuho increased their price target on shares of Flowserve from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Stifel Nicolaus raised their price objective on shares of Flowserve from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their price target on shares of Flowserve from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Jefferies Financial Group assumed coverage on shares of Flowserve in a report on Friday, October 18th. They set a "buy" rating and a $65.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Flowserve from $46.00 to $52.00 and gave the stock a "sell" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.30.

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.