Flowserve Co. (NYSE:FLS) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its stake in shares of Flowserve Co. (NYSE:FLS - Free Report) by 71.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,934 shares of the industrial products company's stock after selling 109,341 shares during the period. Jump Financial LLC's holdings in Flowserve were worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of FLS. Headlands Technologies LLC boosted its stake in shares of Flowserve by 4,790.0% in the fourth quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 479 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Flowserve during the 3rd quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in Flowserve by 64.2% during the 4th quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock worth $41,000 after buying an additional 278 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 595 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Flowserve by 34.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Flowserve Price Performance

Flowserve stock traded up $1.71 during mid-day trading on Thursday, hitting $44.03. 272,473 shares of the company were exchanged, compared to its average volume of 1,262,980. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39. The business's 50 day simple moving average is $48.58 and its two-hundred day simple moving average is $55.46. The company has a market capitalization of $5.80 billion, a P/E ratio of 20.57, a PEG ratio of 1.35 and a beta of 1.22. Flowserve Co. has a 12-month low of $37.34 and a 12-month high of $65.08.

Flowserve (NYSE:FLS - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.07). Flowserve had a net margin of 6.20% and a return on equity of 17.08%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.21 billion. Analysts forecast that Flowserve Co. will post 3.18 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, March 28th. Flowserve's dividend payout ratio (DPR) is presently 39.25%.

Analyst Ratings Changes

FLS has been the topic of several research analyst reports. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Stifel Nicolaus lowered their price objective on shares of Flowserve from $77.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird raised shares of Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 price objective on the stock in a research report on Monday, March 17th. StockNews.com downgraded shares of Flowserve from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, TD Cowen lifted their target price on shares of Flowserve from $60.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Two research analysts have 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 MarketBeat.com, Flowserve has a consensus rating of "Moderate Buy" and an average target price of $64.30.

Flowserve 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.