Susquehanna Fundamental Investments LLC Invests $6.53 Million in Flowserve Co. (NYSE:FLS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Flowserve Co. (NYSE:FLS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 113,505 shares of the industrial products company’s stock, valued at approximately $6,529,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of Flowserve as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FLS. FIL Ltd increased its stake in Flowserve by 71.7% during the fourth quarter. FIL Ltd now owns 5,255,059 shares of the industrial products company’s stock worth $302,271,000 after acquiring an additional 2,193,904 shares during the last quarter. Norges Bank purchased a new position in shares of Flowserve in the 4th quarter worth approximately $94,629,000. Invesco Ltd. increased its position in Flowserve by 52.7% during the 4th quarter. Invesco Ltd. now owns 2,068,025 shares of the industrial products company’s stock valued at $118,953,000 after buying an additional 714,063 shares in the last quarter. Varenne Capital Partners purchased a new stake in Flowserve during the 4th quarter worth approximately $26,216,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Flowserve during the fourth quarter valued at $23,614,000. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on FLS shares. Stifel Nicolaus dropped their target price on Flowserve from $77.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Baird R W raised shares of Flowserve from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Citigroup reduced their target price on shares of Flowserve from $72.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 14th. StockNews.com lowered shares of Flowserve from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, TD Cowen lifted their price objective on Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.30.

Flowserve Stock Up 0.6 %

Shares of FLS opened at $44.89 on Monday. The firm has a market cap of $5.91 billion, a P/E ratio of 20.98, 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. The stock’s 50 day moving average is $47.86 and its two-hundred day moving average is $55.35. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.71.

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

Flowserve Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.84 annualized dividend and a yield of 1.87%. Flowserve’s dividend payout ratio (DPR) is currently 39.25%.

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.