Graham Capital Management LP Has Trimmed Flowserve (FLS) Holding By $1.17 Million; Sysco (SYY) Has 0.87 Sentiment

December 6, 2017 - By Linda Rogers

Graham Capital Management Lp decreased Flowserve Corp (FLS) stake by 59.07% reported in 2017Q2 SEC filing. Graham Capital Management Lp sold 25,400 shares as Flowserve Corp (FLS)’s stock rose 1.53%. The Graham Capital Management Lp holds 17,600 shares with $817,000 value, down from 43,000 last quarter. Flowserve Corp now has $5.49 billion valuation. The stock decreased 0.10% or $0.04 during the last trading session, reaching $42. About 322,130 shares traded. Flowserve Corporation (NYSE:FLS) has risen 9.35% since December 6, 2016 and is uptrending. It has underperformed by 7.35% the S&P500.

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg. The company has market cap of $31.05 billion. It operates through three divisions: U.S. It has a 28.65 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $2.53 million activity.

Ratings analysis reveals 29% of Sysco’s analysts are positive. Out of 7 Wall Street analysts rating Sysco, 2 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $47.0 while the high is $53.0. The stock’s average target of $49.33 is -17.21% below today’s ($59.585) share price. SYY was included in 7 notes of analysts from September 23, 2016. Barclays Capital initiated it with “Underweight” rating and $48.0 target in Friday, September 23 report. On Tuesday, February 7 the stock rating was upgraded by JP Morgan to “Overweight”. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, January 25. The firm earned “Neutral” rating on Wednesday, November 16 by Credit Suisse. The firm has “Neutral” rating given on Friday, December 9 by Goldman Sachs. Pivotal Research maintained the shares of SYY in report on Tuesday, November 8 with “Hold” rating. The rating was upgraded by Bank of America to “Buy” on Tuesday, November 8.

Trian Fund Management L.P. holds 16.68% of its portfolio in Sysco Corporation for 43.97 million shares. Shayne & Co. Llc owns 366,323 shares or 14.66% of their US portfolio. Moreover, Yacktman Asset Management Lp has 5.37% invested in the company for 10.97 million shares. The Tennessee-based Delta Asset Management Llc Tn has invested 3.68% in the stock. Wilkins Investment Counsel Inc, a Massachusetts-based fund reported 203,775 shares.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on February, 5. They expect $0.64 earnings per share, up 10.34% or $0.06 from last year’s $0.58 per share. SYY’s profit will be $333.47M for 23.28 P/E if the $0.64 EPS becomes a reality. After $0.74 actual earnings per share reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -13.51% negative EPS growth.

The stock increased 0.52% or $0.305 during the last trading session, reaching $59.585. About 1.83 million shares traded. Sysco Corporation (SYY) has risen 11.23% since December 6, 2016 and is uptrending. It has underperformed by 5.47% the S&P500.

Analysts await Flowserve Corporation (NYSE:FLS) to report earnings on February, 15. They expect $0.52 earnings per share, down 27.78% or $0.20 from last year’s $0.72 per share. FLS’s profit will be $67.93 million for 20.19 P/E if the $0.52 EPS becomes a reality. After $0.37 actual earnings per share reported by Flowserve Corporation for the previous quarter, Wall Street now forecasts 40.54% EPS growth.

Graham Capital Management Lp increased Wisdomtree Tr (EPI) stake by 208,050 shares to 870,525 valued at $21.34 million in 2017Q2. It also upped Spdr Gold Trust (Call) (GLD) stake by 5.00M shares and now owns 15.50M shares. Ishares Tr (Put) (IWM) was raised too.

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.29, from 0.91 in 2017Q1. It is positive, as 34 investors sold FLS shares while 112 reduced holdings. 55 funds opened positions while 120 raised stakes. 131.19 million shares or 0.98% less from 132.48 million shares in 2017Q1 were reported. 1,800 were accumulated by Smithfield Trust. Renaissance Lc reported 0.01% in Flowserve Corporation (NYSE:FLS). Illinois-based Northern Trust Corp has invested 0.02% in Flowserve Corporation (NYSE:FLS). South Dakota Invest Council invested in 0.05% or 50,200 shares. Daiwa Securities Group Inc owns 99,700 shares or 0.03% of their US portfolio. Point72 Asia (Hong Kong) Limited invested in 0.07% or 1,530 shares. Valley National Advisers Incorporated has 1,092 shares for 0.02% of their portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt has invested 0.01% in Flowserve Corporation (NYSE:FLS). State Street Corporation holds 5.33 million shares or 0.02% of its portfolio. State Of Wisconsin Investment Board holds 0.03% of its portfolio in Flowserve Corporation (NYSE:FLS) for 221,899 shares. Bryn Mawr Trust Company invested 0.14% of its portfolio in Flowserve Corporation (NYSE:FLS). Bessemer Grp Inc owns 0% invested in Flowserve Corporation (NYSE:FLS) for 1,080 shares. Plante Moran Limited Liability Corporation holds 0.01% or 452 shares. Caprock has invested 0.06% in Flowserve Corporation (NYSE:FLS). Liberty Mutual Grp Asset Mngmt has 104,510 shares for 0.2% of their portfolio.

Among 24 analysts covering Flowserve Corporation (NYSE:FLS), 7 have Buy rating, 2 Sell and 15 Hold. Therefore 29% are positive. Flowserve Corporation had 73 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, September 28 by Cowen & Co. RBC Capital Markets maintained the stock with “Sell” rating in Sunday, July 30 report. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. The stock of Flowserve Corporation (NYSE:FLS) earned “Buy” rating by Jefferies on Monday, September 18. The firm earned “Underperform” rating on Monday, December 12 by Robert W. Baird. RBC Capital Markets maintained the stock with “Underperform” rating in Monday, October 31 report. Maxim Group downgraded the stock to “Hold” rating in Monday, February 22 report. The company was maintained on Wednesday, September 6 by BMO Capital Markets. The stock of Flowserve Corporation (NYSE:FLS) earned “Buy” rating by Jefferies on Monday, August 14. BMO Capital Markets maintained the shares of FLS in report on Friday, July 28 with “Outperform” rating.

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