Published: Tue, January 16, 2018
Industry | By Terrell Bush

Sells 16982 Shares of Flowserve Corp (NYSE:FLS)


Indexiq Advisors Llc bought 22,237 shares as the company's stock declined 16.27% while stock markets rallied. The Skba Capital Management Llc holds 166,850 shares with $12.81M value, up from 126,950 last quarter. The stock increased 1.22% or $0.53 during the last trading session, reaching $44. In the past 3-month period alone, shares of FLS have appreciated -1.07 - or -2.46%. ABIOMED, Inc. (NASDAQ:ABMD) has risen 40.97% since January 10, 2017 and is uptrending. It has underperformed by 7.35% the S&P500. Edgepoint Investment Group Inc. owns 8.84 million shares or 5.63% of their U.S. portfolio. The Bartlett & Co holds 215,295 shares with $9.17 million value, down from 240,971 last quarter. Synovus Financial Corp who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $66.56 billion market cap company. Flowserve Corporation has had 1 insider trades in the last 3 months, including 0 open market buys and 1 sells.

Flowserve Corporation (NYSE:FLS) has seen its stock price gain 0.34, or +0.81%, so far in 2017. It has underperformed by 7.35% the S&P500.

Synovus Financial Corp, which manages about $5.26B US Long portfolio, decreased its stake in Ishares Tr (IWP) by 10,862 shares to 575,281 shares, valued at $65.12 million in 2017Q3, according to the filing. It also reduced Procter And Gamble Co (NYSE:PG) stake by 34,700 shares and now owns 115,720 shares. Seaport Global Securities has "Buy" rating and $60.0 target. The firm has "Buy" rating by Jefferies given on Thursday, August 3. Of those analysts, 4 rate stock as a Strong Buy, 11 rate it as Hold, and just no analyst rates it as a Moderate Sell. Maxim Group maintained the stock with "Buy" rating in Tuesday, February 2 report. The stock of Barnes Group Inc.

Media coverage about Flowserve (NYSE:FLS) has been trending somewhat positive this week, according to Accern. The firm earned "Outperform" rating on Friday, October 23 by BMO Capital Markets. BMO Capital Markets downgraded Flowserve from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $51.00 to $41.00 in a research report on Friday, November 3rd. Susquehanna downgraded Monsanto Company (NYSE:MON) on Tuesday, June 27 to "Neutral" rating. Its down 0.10, from 0.98 in 2017Q2. 2,860 shares were sold by Narain Duraiswami, worth $343,200 on Monday, September 25. Livforsakringsbolaget Skandia Omsesidigt owns 2,514 shares for 0.01% of their portfolio. Exxonmobil Invest Tx reported 23,856 shares.

Citigroup posts $18.3 billion loss in Q4 under new tax law
The U.S. lender, which has total assets of $1.8 trillion, said revenue increased by 1 percent year on year, to $17.3 billion. The firm returned $6.3 billion in capital to shareholders during the fourth quarter and $17.1 billion in all of 2017.

Southernsun Asset Management Llc decreased Nordson Corp. Principal Grp Inc invested in 191,014 shares or 0.01% of the stock. Bourgeon Capital Mngmt Limited Com stated it has 0.44% in CF Industries Holdings, Inc. Parkside Fincl Bank And holds 54 shares. Moreover, Thrivent Fincl For Lutherans has 0.02% invested in Barnes Group Inc. V F Corp. (NYSE:VFC) was raised too. (NYSE:CF) for 28 shares. Finally, Tredje AP fonden increased its position in Flowserve by 196.2% in the second quarter. Asset One holds 0.02% or 231,960 shares. Bnp Paribas Asset Sa accumulated 0% or 6,406 shares. Neuberger Berman Gp Ltd Liability reported 1.09 million shares or 0.16% of all its holdings. Finally, Goldman Sachs Group, Inc. Dekabank Deutsche Girozentrale owns 0% invested in Flowserve Corporation (NYSE:FLS) for 13,802 shares. Flowserve's revenue for the quarter was down 6.6% on a year-over-year basis. equities analysts expect that Flowserve will post 1.37 EPS for the current fiscal year. FLS's profit would be $67.93 million giving it 21.15 P/E if the $0.52 EPS is correct. Abiomed had 26 analyst reports since August 4, 2015 according to SRatingsIntel. (NYSE:PII) stake by 176,391 shares and now owns 2.08 million shares. Verition Fund Management LLC increased its holdings in Flowserve by 2.5% during the 2nd quarter.

Investors sentiment decreased to 0.84 in Q3 2017. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. It dived, as 45 investors sold FLS shares while 121 reduced holdings. 33 funds opened positions while 107 raised stakes. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $0.03. Mufg Americas reported 0% of its portfolio in Flowserve Corporation (NYSE:FLS). 1,195 are held by Jolley Asset Mgmt Lc. Bancorporation Of Montreal Can reported 0% in Flowserve Corporation (NYSE:FLS). Moody National Bank Trust Division holds 8,104 shares. 275 were reported by Spectrum Mngmt Gru. The VC1 of Flowserve Corporation (NYSE:FLS) is 49. Hbk Invs LP holds 0% or 11,249 shares in its portfolio. State Treasurer State Of Michigan reported 0.01% stake. Hartford Invest Management has invested 0.12% in Flowserve Corporation (NYSE:FLS). Atwood And Palmer, a Missouri-based fund reported 1,425 shares.

Flowserve Corporation (FLS) closed -0.15% below its 200-day moving average and is 6.9% above another chart threshold, its 50-day moving average. Bnp Paribas Arbitrage Sa owns 115,841 shares for 0.01% of their portfolio. The Volatility 3m of Flowserve Corporation (NYSE:FLS) is 30.286700. Royal Bank of Canada reissued a "sell" rating and set a $39.00 target price on shares of Flowserve in a research note on Thursday, January 4th.

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