Fluor Co. (NEW) (FLR) Shares Sold by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale cut its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 32.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,384 shares of the construction company’s stock after selling 5,568 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fluor Co. (NEW) were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLR. CIBC World Markets Inc. boosted its holdings in Fluor Co. (NEW) by 62.9% during the 3rd quarter. CIBC World Markets Inc. now owns 33,760 shares of the construction company’s stock valued at $1,961,000 after acquiring an additional 13,040 shares during the period. American International Group Inc. boosted its holdings in Fluor Co. (NEW) by 6.8% during the 3rd quarter. American International Group Inc. now owns 50,914 shares of the construction company’s stock valued at $2,958,000 after acquiring an additional 3,257 shares during the period. BlackRock Inc. boosted its holdings in Fluor Co. (NEW) by 0.5% during the 3rd quarter. BlackRock Inc. now owns 9,689,092 shares of the construction company’s stock valued at $562,935,000 after acquiring an additional 43,989 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Fluor Co. (NEW) by 23.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 51,845 shares of the construction company’s stock valued at $3,011,000 after acquiring an additional 9,946 shares during the period. Finally, Girard Partners LTD. purchased a new position in Fluor Co. (NEW) during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

FLR stock opened at $36.53 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.37 and a beta of 1.64. Fluor Co. has a 1 year low of $35.65 and a 1 year high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, November 1st. The construction company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The company had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.66 billion. Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.31%. Fluor Co. (NEW)’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Equities analysts forecast that Fluor Co. will post 2.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio is currently 51.53%.

In related news, Chairman David Thomas Seaton purchased 5,158 shares of Fluor Co. (NEW) stock in a transaction on Tuesday, November 6th. The shares were bought at an average price of $48.52 per share, with a total value of $250,266.16. Following the transaction, the chairman now directly owns 301,400 shares of the company’s stock, valued at $14,623,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

FLR has been the subject of a number of research analyst reports. ValuEngine cut Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. MKM Partners set a $49.00 target price on Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday, November 2nd. Deutsche Bank lowered their target price on Fluor Co. (NEW) from $54.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, November 20th. Goldman Sachs Group upgraded Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, October 18th. Finally, Robert W. Baird lowered their target price on Fluor Co. (NEW) from $59.00 to $50.00 and set a “hold” rating for the company in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $58.36.

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About Fluor Co. (NEW)

Fluor Corp. is a holding company engages in engineering and technology. It operates through the following segments: Energy, Chemicals & Mining, Industrial, Infrastructure & Power, Government and Diversified Services. The Energy, Chemicals & Mining Segment focuses on opportunities in the upstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas, pipeline, metals and mining markets.

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Institutional Ownership by Quarter for Fluor Co. (NEW) (NYSE:FLR)

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