SG Americas Securities LLC Has $4.77 Million Stock Position in Flowserve Co. (NYSE:FLS)

SG Americas Securities LLC boosted its holdings in shares of Flowserve Co. (NYSE:FLS) by 107.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,946 shares of the industrial products company’s stock after buying an additional 42,908 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Flowserve worth $4,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KPP Advisory Services LLC increased its holdings in shares of Flowserve by 3.2% during the 3rd quarter. KPP Advisory Services LLC now owns 7,038 shares of the industrial products company’s stock worth $364,000 after acquiring an additional 215 shares during the last quarter. HighTower Advisors LLC boosted its position in Flowserve by 0.6% during the third quarter. HighTower Advisors LLC now owns 37,906 shares of the industrial products company’s stock worth $1,962,000 after purchasing an additional 215 shares during the period. National Bank of Canada FI increased its holdings in shares of Flowserve by 4.1% in the third quarter. National Bank of Canada FI now owns 6,330 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 252 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Flowserve by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 25,735 shares of the industrial products company’s stock valued at $1,330,000 after purchasing an additional 277 shares during the period. Finally, UMB Bank n.a. lifted its stake 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 worth $41,000 after buying an additional 278 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FLS. Jefferies Financial Group initiated coverage on shares of Flowserve in a research note on Friday, October 18th. They issued a “buy” rating and a $65.00 price target on the stock. Royal Bank of Canada raised Flowserve from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $57.00 to $69.00 in a research report on Friday, November 22nd. StockNews.com cut Flowserve from a “strong-buy” rating to a “buy” rating in a report on Friday, December 27th. Bank of America upped their price objective on Flowserve from $60.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Mizuho upped their price target on shares of Flowserve from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Flowserve Price Performance

Shares of NYSE:FLS opened at $64.06 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $8.42 billion, a PE ratio of 31.71, a PEG ratio of 1.31 and a beta of 1.42. The firm has a 50 day moving average of $60.27 and a 200-day moving average of $54.06. Flowserve Co. has a 12 month low of $39.69 and a 12 month high of $65.08.

Flowserve (NYSE:FLS) last issued its earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. On average, equities research analysts predict that Flowserve Co. will post 2.7 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.84 dividend on an annualized basis and a yield of 1.31%. Flowserve’s dividend payout ratio is currently 41.58%.

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.