William Blair Investment Management LLC reduces Flowserve Co. shares by 1228, following recent sale by FLOWSERVE CORPORATION
September 18, 2024
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FLOWSERVE CORPORATION ($NYSE:FLS) is a global corporation that specializes in providing flow control solutions to various industries including oil and gas, chemicals, power generation, and water treatment. The company has a strong reputation for providing high-quality products and services, making it a popular choice among investors.
However, recent news from Defense World reveals that William Blair Investment Management LLC has sold 1228 shares of Flowserve Co., reducing their overall investment in the company. It should be noted that William Blair Investment Management LLC is a prominent investment firm with a strong track record in the market. Their decision to reduce their holdings in Flowserve Co. could be seen as a red flag for other investors. Upon further research, it has been revealed that Flowserve Corporation recently sold off one of its businesses, a pump manufacturing unit for the oil and gas industry. Moreover, there have been concerns about the company’s financial performance in recent years. In its most recent quarterly report, Flowserve Corporation reported a decline in both revenue and net income. This could also be a contributing factor to William Blair Investment Management LLC’s decision to reduce their shares in the company. However, it is important to note that even with this recent sale, William Blair Investment Management LLC still holds a significant number of shares in Flowserve Co. This could indicate that they still have confidence in the company’s long-term potential. However, further research and analysis are needed to fully understand the reasons behind this move. As with any investment decision, it is important to carefully consider all factors before making any investment decisions in Flowserve Co.
Market Price
This news comes after Flowserve Corporation recently disclosed a sale of their own shares. The stock for Flowserve Corporation opened at $47.01 on Tuesday and closed at $47.16, representing a 1.01% increase from the previous day’s closing price of $46.69. This slight uptick in stock price may have been influenced by the recent sale of shares by the company itself. The decision of William Blair Investment Management LLC to reduce their stake in Flowserve Corporation may indicate a lack of confidence in the company’s future performance. This could be due to various factors, such as a decline in revenue or concerns about the company’s strategy moving forward.
It is worth noting that Flowserve Corporation, a leading provider of fluid motion and control products and services, has faced challenges in recent years due to the downturn in the oil and gas industry. The company has been working to diversify its customer base and expand into other industries to mitigate this impact. This news of reduced shares by a major investor may cause concern among other shareholders and potentially lead to a drop in stock price. It will be important to monitor any further developments from Flowserve Corporation to see how they respond to this recent sale and if it will have any impact on their future growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flowserve Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.32k | 186.74 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flowserve Corporation. More…
| Operations | Investing | Financing |
| 325.77 | -68.58 | -153.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flowserve Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.11k | 3.13k | 14.79 |
Key Ratios Snapshot
Some of the financial key ratios for Flowserve Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | 9.8% | 6.7% |
| FCF Margin | ROE | ROA |
| 6.0% | 9.5% | 3.6% |
Analysis
After conducting a thorough analysis of FLOWSERVE CORPORATION, I have determined that this company has a strong overall well-being. The Star Chart indicates that FLOWSERVE has a high health score of 8/10, which is an impressive feat given its cashflows and debt. This means that the company is in a good financial position and is capable of paying off its debt while still having enough funds to support future operations. In terms of specific areas, FLOWSERVE excels in its assets and dividend payouts, which are both strong indicators of a stable and successful company. However, its profitability is only rated as medium, suggesting that there is room for improvement in this aspect. Additionally, FLOWSERVE’s growth potential is rated as weak, which may be a concern for some investors. Based on these findings, FLOWSERVE CORPORATION can be classified as a ‘cheetah’ company. This means that while it has achieved high revenue or earnings growth, it is considered less stable due to its lower profitability. This type of company can be attractive to investors who are looking for potential high returns, but it may also carry higher risks compared to more stable companies. Investors who may be interested in FLOWSERVE CORPORATION could include those who are willing to take on some level of risk in exchange for potential growth opportunities. Additionally, investors who prioritize dividend payouts and asset stability may also see value in this company. However, it is important for potential investors to carefully consider their own risk tolerance and investment goals before making any decisions. More…
Peers
Its competitors include ITT Inc, Shanghai Zhenhua Heavy Industries Co Ltd, Sintokogio Ltd.
– ITT Inc ($NYSE:ITT)
3M’s market cap as of 2022 is 5.86B. The company has a return on equity of 12.81%. 3M is a diversified technology company that operates in a variety of industries, including healthcare, industrial, and consumer markets. The company’s products include adhesives, abrasives, laminates, and electro- and optical materials.
– Shanghai Zhenhua Heavy Industries Co Ltd ($SHSE:600320)
Shanghai Zhenhua Heavy Industries Co Ltd is a heavy industries company with a market cap of 14.22B as of 2022. The company has a return on equity of 7.11%. The company manufactures a range of products including cranes, construction machinery, and railway equipment. Shanghai Zhenhua Heavy Industries Co Ltd is a publicly traded company listed on the Shanghai Stock Exchange.
– Sintokogio Ltd ($TSE:6339)
Sintokogio Ltd is a Japanese company that manufactures automotive parts. As of 2022, the company has a market capitalization of 35.83 billion dollars and a return on equity of 2.76%. The company’s products include engine parts, suspension parts, and body parts.
Summary
William Blair Investment Management LLC recently sold 1228 shares of Flowserve Co., a leading global provider of fluid motion and control products and services, at Defense World. This move suggests a bearish sentiment on the company’s stock, as William Blair may believe that the stock price is overvalued. Investors should carefully consider this information and conduct their own analysis before making any investment decisions in Flowserve Corporation.
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