Atria Investments Inc Has $406,000 Stock Holdings in Flowserve Co. (NYSE:FLS)

Atria Investments Inc trimmed its holdings in Flowserve Co. (NYSE:FLS) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,845 shares of the industrial products company’s stock after selling 1,257 shares during the period. Atria Investments Inc’s holdings in Flowserve were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in Flowserve in the third quarter valued at about $27,000. Signaturefd LLC boosted its stake in Flowserve by 185.9% during the 2nd quarter. Signaturefd LLC now owns 569 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 370 shares during the last quarter. Allworth Financial LP grew its stake in shares of Flowserve by 159.9% in the 3rd quarter. Allworth Financial LP now owns 655 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 403 shares in the last quarter. nVerses Capital LLC purchased a new position in Flowserve in the second quarter worth $34,000. Finally, GAMMA Investing LLC lifted its stake in Flowserve by 166.0% in the second quarter. GAMMA Investing LLC now owns 987 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 616 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Trading Up 0.3 %

Shares of FLS opened at $60.06 on Friday. Flowserve Co. has a fifty-two week low of $37.24 and a fifty-two week high of $61.60. The stock has a market capitalization of $7.89 billion, a PE ratio of 29.73, a P/E/G ratio of 1.44 and a beta of 1.38. The company’s fifty day moving average is $53.83 and its 200 day moving average is $50.19. 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 (NYSE:FLS) last released its quarterly earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. Sell-side analysts expect that Flowserve Co. will post 2.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLS has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. TD Cowen upped their target price on shares of Flowserve from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of Flowserve from $55.00 to $57.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Flowserve from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus raised their price objective on shares of Flowserve from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.10.

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.