WINTON GROUP Ltd Sells 156,139 Shares of Fluor Corporation $FLR

WINTON GROUP Ltd lessened its holdings in Fluor Corporation (NYSE:FLR) by 86.9% in the second quarter, Holdings Channel reports. The firm owned 23,475 shares of the construction company’s stock after selling 156,139 shares during the period. WINTON GROUP Ltd’s holdings in Fluor were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Fluor during the 2nd quarter worth $25,000. Ancora Advisors LLC purchased a new stake in Fluor during the second quarter worth about $31,000. Los Angeles Capital Management LLC purchased a new stake in Fluor during the fourth quarter worth about $27,000. Larson Financial Group LLC raised its position in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after acquiring an additional 734 shares during the period. Finally, Banque Transatlantique SA boosted its stake in Fluor by 312.5% in the second quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock valued at $43,000 after acquiring an additional 625 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Trading Down 0.2%

Shares of FLR opened at $54.09 on Monday. Fluor Corporation has a twelve month low of $39.33 and a twelve month high of $58.35. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The stock has a market cap of $7.23 billion, a PE ratio of -4.40, a P/E/G ratio of 1.71 and a beta of 1.26. The business’s 50-day moving average price is $52.25 and its 200-day moving average price is $49.72.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.92 billion. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. On average, equities analysts forecast that Fluor Corporation will post 2.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FLR shares. Weiss Ratings downgraded shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Barclays increased their price objective on Fluor from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Citigroup raised their target price on Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, UBS Group upped their price target on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.33.

Insider Transactions at Fluor

In other Fluor news, insider Pierre Bechelany sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $55.24, for a total value of $276,200.00. Following the completion of the transaction, the insider owned 36,064 shares of the company’s stock, valued at $1,992,175.36. The trade was a 12.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by insiders.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, construction and project management company. It provides design and construction services, program management, operations and maintenance, and other professional services for complex capital projects. Fluor serves clients in areas including energy, chemicals and petrochemicals, advanced technologies, infrastructure, mining and metals, and government and defense.

The company delivers projects across the full development cycle, from front-end engineering and design through procurement, construction, commissioning and ongoing operations.