Flowserve Corporation (NYSE:FLS) Can’t Be Less Risky. Short Interest Decreased

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Investors sentiment decreased to 0.89 in 2018 Q2. Its down 0.11, from 1 in 2018Q1. It turned negative, as 27 investors sold Flowserve Corporation shares while 113 reduced holdings. 36 funds opened positions while 88 raised stakes. 138.41 million shares or 1.89% more from 135.85 million shares in 2018Q1 were reported.
30,630 were accumulated by State Of Alaska Department Of Revenue. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in Flowserve Corporation (NYSE:FLS). Raymond James Associates, Florida-based fund reported 207,566 shares. Moreover, Arizona State Retirement has 0.01% invested in Flowserve Corporation (NYSE:FLS) for 32,170 shares. Mitsubishi Ufj Trust & Bk accumulated 0.02% or 264,585 shares. Employees Retirement Sys Of Ohio reported 0.05% in Flowserve Corporation (NYSE:FLS). Baystate Wealth Mgmt stated it has 0% in Flowserve Corporation (NYSE:FLS). Dupont Management Corp has invested 0% in Flowserve Corporation (NYSE:FLS). Gabelli Funds Ltd Liability Corporation has invested 0.39% in Flowserve Corporation (NYSE:FLS). 108,148 were accumulated by State Of Wisconsin Invest Board. Bbva Compass Fincl Bank stated it has 0.01% of its portfolio in Flowserve Corporation (NYSE:FLS). First Tru Advsrs L P holds 0.02% or 267,536 shares. Brown Advisory invested in 0.03% or 234,583 shares. Cibc owns 8,512 shares or 0% of their US portfolio. Bb&T Securities Ltd has 30,038 shares for 0.01% of their portfolio.

The stock of Flowserve Corporation (NYSE:FLS) registered a decrease of 1.38% in short interest. FLS’s total short interest was 9.21M shares in December as published by FINRA. Its down 1.38% from 9.34 million shares, reported previously. With 997,700 shares average volume, it will take short sellers 9 days to cover their FLS’s short positions.

The stock decreased 1.30% or $0.6 during the last trading session, reaching $45.4. About 1.45M shares traded or 30.73% up from the average. Flowserve Corporation (NYSE:FLS) has risen 31.67% since December 8, 2017 and is uptrending. It has outperformed by 16.05% the S&P500.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $5.94 billion. The firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD), and Flow Control Division (FCD). It currently has negative earnings. The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services, as well as makes gas-lubricated mechanical seal that is used in high-speed compressors.

Flowserve Corporation (NYSE:FLS) Ratings Coverage

Among 9 analysts covering Flowserve (NYSE:FLS), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Flowserve had 11 analyst reports since August 10, 2018 according to SRatingsIntel. BMO Capital Markets maintained Flowserve Corporation (NYSE:FLS) rating on Friday, August 10. BMO Capital Markets has “Market Perform” rating and $50 target. Stifel Nicolaus maintained Flowserve Corporation (NYSE:FLS) rating on Monday, October 8. Stifel Nicolaus has “Hold” rating and $52 target. The firm has “Sell” rating given on Thursday, October 18 by Vertical Research. Northcoast upgraded the shares of FLS in report on Thursday, September 13 to “Buy” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 10. Citigroup maintained Flowserve Corporation (NYSE:FLS) rating on Friday, August 10. Citigroup has “Neutral” rating and $52 target. The firm has “Hold” rating by Stifel Nicolaus given on Monday, August 13. Morgan Stanley maintained it with “Equal-Weight” rating and $51 target in Tuesday, November 13 report. The stock of Flowserve Corporation (NYSE:FLS) has “Neutral” rating given on Monday, November 12 by Robert W. Baird.

More notable recent Flowserve Corporation (NYSE:FLS) news were published by: Seekingalpha.com which released: “Flowserve: Still Not Worth Buying – Seeking Alpha” on June 13, 2018, also Seekingalpha.com with their article: “Flowserve -4% as Q1 bookings, backlog slip – Seeking Alpha” published on May 10, 2018, Benzinga.com published: “80 Biggest Movers From Yesterday – Benzinga” on November 09, 2018. More interesting news about Flowserve Corporation (NYSE:FLS) were released by: Fool.com and their article: “Why Flowserve Stock Popped 12% This Morning – Motley Fool” published on August 09, 2018 as well as Gurufocus.com‘s news article titled: “Charles de Vaulx’s IVA Worldwide Fund Takes Stake in Arcos Dorados in 1st Quarter – GuruFocus.com” with publication date: November 28, 2018.

Flowserve Corporation (NYSE:FLS) Institutional Positions Chart

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