Macquarie Group Ltd. cut its stake in shares of Fluor Co. (NYSE:FLR) by 55.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the construction company’s stock after selling 5,500 shares during the period. Macquarie Group Ltd.’s holdings in Fluor were worth $224,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Public Employees Retirement Association of Colorado lifted its stake in Fluor by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 26,216 shares of the construction company’s stock valued at $1,354,000 after acquiring an additional 891 shares in the last quarter. Bank of Hawaii lifted its stake in Fluor by 12.1% during the 4th quarter. Bank of Hawaii now owns 9,071 shares of the construction company’s stock valued at $469,000 after acquiring an additional 981 shares in the last quarter. Scotia Capital Inc. lifted its stake in Fluor by 3.4% during the 4th quarter. Scotia Capital Inc. now owns 34,207 shares of the construction company’s stock valued at $1,767,000 after acquiring an additional 1,115 shares in the last quarter. Aperio Group LLC lifted its stake in Fluor by 2.7% during the 4th quarter. Aperio Group LLC now owns 45,358 shares of the construction company’s stock valued at $2,343,000 after acquiring an additional 1,186 shares in the last quarter. Finally, 440 Investment Group LLC lifted its stake in Fluor by 24.5% during the 4th quarter. 440 Investment Group LLC now owns 6,226 shares of the construction company’s stock valued at $322,000 after acquiring an additional 1,226 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.
In related news, Chairman David Thomas Seaton sold 50,000 shares of Fluor stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $56.72, for a total value of $2,836,000.00. Following the completion of the sale, the chairman now owns 302,312 shares of the company’s stock, valued at approximately $17,147,136.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Bruce A. Stanski sold 3,718 shares of Fluor stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $57.44, for a total value of $213,561.92. Following the completion of the sale, the chief financial officer now directly owns 61,802 shares of the company’s stock, valued at approximately $3,549,906.88. The disclosure for this sale can be found here. In the last three months, insiders sold 121,218 shares of company stock valued at $6,953,603. 1.40% of the stock is currently owned by insiders.
Several equities analysts have weighed in on FLR shares. TheStreet upgraded Fluor from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Canaccord Genuity reiterated a “buy” rating and set a $64.00 target price on shares of Fluor in a research note on Wednesday, February 21st. Citigroup lifted their target price on Fluor from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. ValuEngine upgraded Fluor from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Alembic Global Advisors reiterated a “hold” rating on shares of Fluor in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Fluor has an average rating of “Hold” and a consensus target price of $58.00.
Shares of FLR opened at $57.92 on Monday. Fluor Co. has a fifty-two week low of $37.03 and a fifty-two week high of $62.09. The stock has a market capitalization of $8,201.37, a P/E ratio of 35.53, a PEG ratio of 1.07 and a beta of 1.46. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 0.46.
Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Fluor had a return on equity of 10.95% and a net margin of 0.98%. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. sell-side analysts expect that Fluor Co. will post 3.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Wednesday, February 28th. Fluor’s dividend payout ratio (DPR) is currently 51.53%.
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Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. It operates through four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Diversified Services; and Government.
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