Trexquant Investment LP Has $15.11 Million Holdings in Flowserve Co. (NYSE:FLS)

Trexquant Investment LP grew its position in Flowserve Co. (NYSE:FLS) by 168.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,690 shares of the industrial products company’s stock after buying an additional 165,008 shares during the quarter. Trexquant Investment LP owned approximately 0.20% of Flowserve worth $15,110,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FLS. True Wealth Design LLC purchased a new stake in Flowserve in the 3rd quarter worth about $25,000. Headlands Technologies LLC lifted its position 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 worth $28,000 after purchasing an additional 479 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Flowserve during the third quarter worth approximately $29,000. UMB Bank n.a. grew its position in Flowserve by 64.2% during the fourth quarter. UMB Bank n.a. now owns 711 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 278 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 595 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Price Performance

Shares of FLS opened at $49.16 on Wednesday. The stock has a 50 day simple moving average of $55.93 and a 200 day simple moving average of $56.59. Flowserve Co. has a 52-week low of $43.66 and a 52-week high of $65.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. The firm has a market capitalization of $6.48 billion, a PE ratio of 22.97, a P/E/G ratio of 1.35 and a beta of 1.43.

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 analysts’ consensus estimates of $0.77 by ($0.07). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a net margin of 6.20% and a return on equity of 17.08%. Sell-side analysts predict that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, March 28th. Flowserve’s dividend payout ratio (DPR) is 39.25%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup dropped their target price on Flowserve from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird upgraded Flowserve from a “neutral” rating to an “outperform” rating and set a $71.00 price objective on the stock in a report on Monday, March 17th. Baird R W upgraded shares of Flowserve from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Mizuho increased their price target on shares of Flowserve from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group raised shares of Flowserve from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $69.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.60.

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.