Flowserve Corporation (NYSE:FLS) recovered 23.33% of its value since hitting low of $37.51. The recent move of 3.77% gain helped the stock to close at $46.26 when trading ended on 04/11/2018. At recent session, the prices were hovering between $44.06 and $46.69. This company shares are -1.06% up from its target price of $45.77 and the current market capitalization stands at $6.28B. The recent change has given its price a 6.45% lead over SMA 50 and -10.9% deficit over its 52-week high. The stock witnessed 2.44% gains, 6.84% gains and 7.06% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FLS’s volatility during a week at 3.57% and during a month it has been found around 2.98%.Flowserve Corporation (FLS) Top Holders
Institutional investors currently hold around $6.04 billion or 0% in FLS stock. Look at its top three institutional owners. Invesco Ltd. owns $635.75 million in Flowserve Corporation, which represents roughly 10.12% of the company’s market cap and approximately 10.52% of the institutional ownership. Similar statistics are true for the second largest owner, Edgepoint Investment Group Inc., which owns 13,540,539 shares of the stock are valued at $603.64 million. The third largest holder is Vanguard Group Inc, which currently holds $581.39 million worth of this stock and that ownership represents nearly 9.26% of its market capitalization.
At the end of 12/31/2017 reporting period, 169 institutional holders increased their position in Flowserve Corporation (NYSE:FLS) by some 15,210,569 shares, 185 decreased positions by 16,210,355 and 65 held positions by 104,101,506. That puts total institutional holdings at 135,522,430 shares, according to SEC filings. The stock grabbed 49 new institutional investments totaling 1,011,909 shares while 53 institutional investors sold out their entire positions totaling 5,643,618 shares.Flowserve Corporation (NYSE:FLS) Insider Trades
Multiple company employees have indulged in significant insider trading. Flowserve Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Chandy Ruby R has sold 30 shares of Flowserve Corporation (FLS) in trading session dated Jan. 30, 2018. These shares are worth $1,352 and were traded at $45.06 each. The SEC filing shows that Chandy Ruby R performed a purchase of 30 shares. The Director added these shares by way of transaction on Jan. 25, 2018. The company’s shares were assimilated at $45.08 per share worth to an investment of some $1,352 on account of Chandy Ruby R.
SVP, GC and Secretary, Oconnor Carey, sold 10,500 common shares of Flowserve Corporation (FLS) in the open market. In a transaction dated Feb. 28, 2017, the shares were put up for sale at an average price of $47.14, raking in a sum of $494,970. After this sale, 43,548 common shares of FLS are directly owned by the insider, with total stake valued at $2,014,530.
In the transaction dated Feb. 28, 2017, the great number of shares disposed came courtesy the President & CEO; Blinn Mark A disposed a total of 42,500 shares at an average price of $46.82, amounting to approximately $1,989,850. The insider now directly owns 93,552 shares worth $4,327,716.Flowserve Corporation (FLS) Analyst Guide
Several analysts have released their opinion on Flowserve Corporation (NYSE:FLS), with 3 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.54 average brokerage recommendation.