Robinson Value Management Ltd. Lowers Stake in Fluor Co. (NEW) (FLR)

Robinson Value Management Ltd. cut its position in shares of Fluor Co. (NEW) (NYSE:FLR) by 3.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 86,528 shares of the construction company’s stock after selling 2,814 shares during the period. Fluor Co. (NEW) comprises 4.6% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 2nd largest position. Robinson Value Management Ltd.’s holdings in Fluor Co. (NEW) were worth $5,027,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership grew its holdings in shares of Fluor Co. (NEW) by 10.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,865,827 shares of the construction company’s stock worth $286,135,000 after acquiring an additional 535,887 shares during the last quarter. Ashler Capital LLC grew its holdings in shares of Fluor Co. (NEW) by 27.2% in the 2nd quarter. Ashler Capital LLC now owns 5,099,250 shares of the construction company’s stock worth $248,741,000 after acquiring an additional 1,091,110 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Fluor Co. (NEW) by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,738,292 shares of the construction company’s stock worth $231,133,000 after acquiring an additional 475,286 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Fluor Co. (NEW) by 62.3% in the 2nd quarter. Bank of America Corp DE now owns 2,256,406 shares of the construction company’s stock worth $110,066,000 after acquiring an additional 866,355 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Fluor Co. (NEW) by 2.5% in the 2nd quarter. Boston Partners now owns 1,983,921 shares of the construction company’s stock worth $96,776,000 after acquiring an additional 47,578 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

A number of equities analysts recently issued reports on the company. MKM Partners restated a “hold” rating and issued a $56.00 target price on shares of Fluor Co. (NEW) in a report on Thursday, October 11th. UBS Group upgraded Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $69.00 in a report on Monday, August 13th. ValuEngine cut Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research cut Fluor Co. (NEW) from a “strong-buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Canaccord Genuity upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Fluor Co. (NEW) presently has a consensus rating of “Hold” and a consensus target price of $59.08.

FLR opened at $45.97 on Monday. The firm has a market cap of $6.47 billion, a P/E ratio of 28.20, a PEG ratio of 0.65 and a beta of 1.67. Fluor Co. has a 1 year low of $42.22 and a 1 year high of $62.09. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.52.

Fluor Co. (NEW) (NYSE:FLR) last released its quarterly earnings data 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 firm had revenue of $4.66 billion for 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 previous year, the business posted $0.67 EPS. As a group, analysts predict that Fluor Co. will post 2.55 earnings per share for the current 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. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. Fluor Co. (NEW)’s dividend payout ratio is currently 51.53%.

Fluor Co. (NEW) Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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

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