River & Mercantile Asset Management LLP Sells 5,420 Shares of Fluor Co. (NEW) (FLR)

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River & Mercantile Asset Management LLP decreased its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,271 shares of the construction company’s stock after selling 5,420 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Fluor Co. (NEW) were worth $3,153,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Fluor Co. (NEW) by 0.5% during the third quarter. BlackRock Inc. now owns 9,689,092 shares of the construction company’s stock valued at $562,935,000 after purchasing an additional 43,989 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Fluor Co. (NEW) by 10.1% in the second quarter. Artisan Partners Limited Partnership now owns 5,865,827 shares of the construction company’s stock valued at $286,135,000 after acquiring an additional 535,887 shares during the period. Ashler Capital LLC raised its stake in shares of Fluor Co. (NEW) by 27.2% in the second quarter. Ashler Capital LLC now owns 5,099,250 shares of the construction company’s stock valued at $248,741,000 after acquiring an additional 1,091,110 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Fluor Co. (NEW) by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 4,738,292 shares of the construction company’s stock valued at $231,133,000 after acquiring an additional 475,286 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Fluor Co. (NEW) by 1.1% in the third quarter. Franklin Resources Inc. now owns 3,447,328 shares of the construction company’s stock valued at $200,291,000 after acquiring an additional 38,674 shares during the period. 87.99% of the stock is currently owned by institutional investors.

NYSE FLR 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 $5.25 billion, a PE ratio of 22.41, a P/E/G ratio of 0.35 and a beta of 1.64. Fluor Co. has a 12 month low of $35.65 and a 12 month 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.66 billion. Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. As a group, equities research analysts anticipate that Fluor Co. will post 2.54 earnings per share for the current year.

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

FLR has been the topic of several recent analyst reports. Goldman Sachs Group raised shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, October 18th. Citigroup set a $66.00 target price on shares of Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. ValuEngine downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. UBS Group set a $69.00 target price on shares of Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. Finally, Bank of America set a $67.00 target price on shares of Fluor Co. (NEW) and gave the company a “buy” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $58.36.

In related news, Chairman David Thomas Seaton purchased 5,158 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average cost of $48.52 per share, for a total transaction of $250,266.16. Following the completion of the acquisition, the chairman now owns 301,400 shares in the company, valued at approximately $14,623,928. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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Fluor Co. (NEW) Profile

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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