Jump Financial LLC Sells 109,341 Shares of Flowserve Co. (NYSE:FLS)

Jump Financial LLC reduced its holdings in Flowserve Co. (NYSE:FLS) by 71.3% during the 4th quarter, according to the company in its most recent 13F 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 SEC filing.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC boosted its holdings in Flowserve by 4,790.0% in the 4th 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 position in shares of Flowserve during the third quarter valued at about $29,000. UMB Bank n.a. lifted its stake in shares of Flowserve by 64.2% in the fourth quarter. UMB Bank n.a. now owns 711 shares of the industrial products company’s stock valued at $41,000 after buying an additional 278 shares during the period. EverSource Wealth Advisors LLC increased its stake in Flowserve by 185.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 595 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in 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 acquiring an additional 275 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Performance

Shares of NYSE:FLS opened at $41.68 on Friday. The business has a fifty day moving average of $50.26 and a 200-day moving average of $55.76. The firm has a market cap of $5.49 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. Flowserve Co. has a twelve month low of $37.34 and a twelve month high of $65.08.

Flowserve (NYSE:FLS) last announced 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 return on equity of 17.08% and a net margin of 6.20%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, equities research analysts predict that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.21 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. Flowserve’s dividend payout ratio (DPR) is currently 39.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FLS shares. Citigroup lowered their price objective on Flowserve from $72.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Mizuho lifted their target price on shares of Flowserve from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird raised shares of Flowserve from a “neutral” rating to an “outperform” rating and set a $71.00 price target for the company in a research report on Monday, March 17th. Finally, Stifel Nicolaus decreased their price objective on Flowserve from $77.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.30.

About Flowserve

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.