Qsemble Capital Management LP Invests $910,000 in Flowserve Co. (NYSE:FLS)

Qsemble Capital Management LP purchased a new position in shares of Flowserve Co. (NYSE:FLS - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,610 shares of the industrial products company's stock, valued at approximately $910,000.

Several other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Flowserve in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Flowserve in the 3rd quarter valued at approximately $29,000. Signaturefd LLC boosted its position in Flowserve by 185.9% in the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company's stock valued at $27,000 after buying an additional 370 shares in the last quarter. Allworth Financial LP grew its stake in shares of Flowserve by 159.9% during the third 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. Finally, nVerses Capital LLC acquired a new position in shares of Flowserve during the second quarter worth $34,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve Trading Up 0.0 %

Shares of NYSE FLS traded up $0.02 during midday trading on Wednesday, reaching $61.33. The stock had a trading volume of 27,468 shares, compared to its average volume of 1,107,816. The company's 50 day moving average price is $54.98 and its 200 day moving average price is $50.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 1.99. Flowserve Co. has a twelve month low of $37.34 and a twelve month high of $62.22. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.49 and a beta of 1.38.

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 (EPS) 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 quarter in the previous year, the firm earned $0.50 EPS. Flowserve's quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Flowserve Co. will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on FLS. Stifel Nicolaus raised their price objective on Flowserve from $60.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on Flowserve from $46.00 to $52.00 and gave the company a "sell" rating in a research note on Thursday, October 10th. Royal Bank of Canada upgraded Flowserve from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $57.00 to $69.00 in a report on Friday, November 22nd. Mizuho raised their price objective on shares of Flowserve from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of Flowserve from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.30.

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.