A New York-based fund called D1 Capital Partners bought nearly 5.8 million shares of Flowserve in the third quarter. The move added $309.2 million to their position, which now totals $397.5 million. So it goes.
What Happened
The fund increased its stake in Flowserve, bringing total shares to 7.5 million. The value of this holding reached $397.5 million by quarter-end. So it goes.
What Else to Know
This stake now makes up 4.6% of D1’s $8.7 billion in U.S. equity holdings. Their top five positions include CART, APP, CLH, RDDT, and FLS. So it goes.
- NASDAQ: CART: $829.2 million (9.5% of AUM)
- NASDAQ: APP: $601.3 million (6.9% of AUM)
- NYSE: CLH: $567.9 million (6.5% of AUM)
- NYSE: RDDT: $465.6 million (5.4% of AUM)
- NYSE: FLS: $397.5 million (4.6% of AUM)
Flowserve’s stock is up 17% year-over-year, outperforming the S&P 500’s 13% gain. So it goes.
Company Overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $4.7 billion |
| Net Income (TTM) | $452.8 million |
| Market Capitalization | $9.4 billion |
| Price (as of market close Friday) | $72.04 |
Company Snapshot
Flowserve makes pumps, valves, and seals for industries worldwide. It sells equipment and offers maintenance contracts. So it goes.
Foolish Take
Flowserve’s recent performance-expanding margins, rising cash flow, and stronger aftermarket sales-suggests long-term potential. The stock is near all-time highs. So it goes.
Third-quarter results showed sales up 3.6%, operating margin up 370 basis points, and EPS up 45%. Bookings hit $1.2 billion, with 6% growth in recurring services. So it goes.
D1’s bet on Flowserve aligns with its focus on profitable, growing companies. So it goes.
Glossary
Position value: The total market value of a specific investment held by a fund. So it goes.
AUM (Assets Under Management): The total market value of all assets a fund or investment manager oversees. So it goes.
Reportable U.S. equity assets: U.S. stocks that an institutional investor must disclose in regulatory filings. So it goes.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report. So it goes.
Forward price/earnings ratio: A valuation metric comparing a company’s current share price to its expected future earnings per share. So it goes.
EV/EBITDA: Enterprise Value divided by Earnings Before Interest, Taxes, Depreciation, and Amortization; used to value a company. So it goes.
Dividend yield: Annual dividends per share divided by the share price, expressed as a percentage. So it goes.
Aftermarket services: Services provided after the initial sale, such as maintenance, repairs, and spare parts. So it goes.
Maintenance contracts: Agreements for ongoing service and support of equipment after purchase. So it goes.
Industrial flow management equipment: Machinery like pumps, valves, and seals used to control liquids or gases in industrial processes. So it goes.
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2025-12-08 16:42