Commonwealth Equity Services LLC Sells 13,094 Shares of Fluor Co. (NEW) (FLR)

Commonwealth Equity Services LLC decreased its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 81,055 shares of the construction company’s stock after selling 13,094 shares during the period. Commonwealth Equity Services LLC’s holdings in Fluor Co. (NEW) were worth $2,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Nova Scotia raised its position in Fluor Co. (NEW) by 748.3% during the fourth quarter. Bank of Nova Scotia now owns 243,047 shares of the construction company’s stock worth $7,825,000 after acquiring an additional 214,397 shares in the last quarter. Eagle Asset Management Inc. raised its position in Fluor Co. (NEW) by 16.1% during the fourth quarter. Eagle Asset Management Inc. now owns 1,057,620 shares of the construction company’s stock worth $34,055,000 after acquiring an additional 146,520 shares in the last quarter. Tredje AP fonden bought a new stake in Fluor Co. (NEW) during the fourth quarter worth $149,000. Hosking Partners LLP raised its position in Fluor Co. (NEW) by 11.4% during the fourth quarter. Hosking Partners LLP now owns 61,787 shares of the construction company’s stock worth $1,990,000 after acquiring an additional 6,335 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its position in Fluor Co. (NEW) by 12.9% during the fourth quarter. ETRADE Capital Management LLC now owns 15,439 shares of the construction company’s stock worth $497,000 after acquiring an additional 1,759 shares in the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

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Shares of FLR opened at $37.18 on Tuesday. The stock has a market capitalization of $5.14 billion, a PE ratio of 17.29, a P/E/G ratio of 0.59 and a beta of 1.75. Fluor Co. has a fifty-two week low of $29.78 and a fifty-two week high of $62.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.52.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings data on Thursday, February 21st. The construction company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.16. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.86 billion. Fluor Co. (NEW) had a net margin of 1.17% and a return on equity of 11.94%. The company’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share. Equities research analysts anticipate that Fluor Co. will post 2.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Monday, March 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.26%. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.

In related news, insider Ray F. Barnard sold 7,515 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.57, for a total value of $282,338.55. Following the transaction, the insider now directly owns 86,572 shares in the company, valued at $3,252,510.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ray F. Barnard sold 3,318 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $37.04, for a total transaction of $122,898.72. Following the completion of the transaction, the insider now owns 75,739 shares in the company, valued at $2,805,372.56. The disclosure for this sale can be found here. Insiders sold 13,570 shares of company stock worth $506,670 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on the stock. ValuEngine raised shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Credit Suisse Group reissued a “buy” rating and issued a $56.00 price objective on shares of Fluor Co. (NEW) in a research report on Monday, February 11th. Goldman Sachs Group lowered shares of Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and dropped their price objective for the company from $59.00 to $44.00 in a research report on Wednesday, December 12th. Finally, MKM Partners reissued a “neutral” rating and issued a $39.00 price objective on shares of Fluor Co. (NEW) in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Fluor Co. (NEW) presently has a consensus rating of “Hold” and an average target price of $54.69.

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Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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

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