Advisory Services Network LLC Has $518,000 Stock Position in Fluor Co. (NEW) (NYSE:FLR)

Advisory Services Network LLC increased its holdings in Fluor Co. (NEW) (NYSE:FLR) by 362.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,073 shares of the construction company’s stock after buying an additional 11,033 shares during the period. Advisory Services Network LLC’s holdings in Fluor Co. (NEW) were worth $518,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC increased its stake in shares of Fluor Co. (NEW) by 10.8% during the 1st quarter. Cerebellum GP LLC now owns 8,779 shares of the construction company’s stock valued at $323,000 after acquiring an additional 853 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Fluor Co. (NEW) by 133.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock worth $27,000 after purchasing an additional 417 shares in the last quarter. Clearbridge Investments LLC increased its position in Fluor Co. (NEW) by 23.0% during the 1st quarter. Clearbridge Investments LLC now owns 11,891,068 shares of the construction company’s stock worth $437,591,000 after purchasing an additional 2,222,261 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Fluor Co. (NEW) by 4.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,209,453 shares of the construction company’s stock worth $154,908,000 after purchasing an additional 185,100 shares in the last quarter. Finally, Fairview Capital Investment Management LLC increased its position in Fluor Co. (NEW) by 268.9% during the 1st quarter. Fairview Capital Investment Management LLC now owns 844,255 shares of the construction company’s stock worth $31,068,000 after purchasing an additional 615,415 shares in the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

Shares of Fluor Co. (NEW) stock traded up $0.96 on Friday, hitting $32.88. 871,961 shares of the company’s stock traded hands, compared to its average volume of 1,555,819. The firm has a market capitalization of $4.60 billion, a PE ratio of 15.29, a P/E/G ratio of 1.44 and a beta of 2.04. The company has a current ratio of 1.49, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $30.63. Fluor Co. has a 52-week low of $27.69 and a 52-week high of $60.60.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, May 2nd. The construction company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.68). Fluor Co. (NEW) had a net margin of 0.99% and a return on equity of 8.90%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the company posted $0.56 earnings per share. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. As a group, equities research analysts predict that Fluor Co. will post 1.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 3rd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Friday, May 31st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is presently 39.07%.

Several brokerages have issued reports on FLR. MKM Partners set a $39.00 price objective on shares of Fluor Co. (NEW) and gave the company a “hold” rating in a research report on Friday, April 5th. ValuEngine raised shares of WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. DA Davidson lowered their price objective on shares of Sally Beauty to $16.50 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 620 ($8.10) price objective on shares of in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.73.

In other news, insider Alan L. Boeckmann acquired 16,000 shares of Fluor Co. (NEW) stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average cost of $29.81 per share, for a total transaction of $476,960.00. Following the completion of the purchase, the insider now directly owns 17,250 shares of the company’s stock, valued at approximately $514,222.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carlos M. Hernandez acquired 17,001 shares of Fluor Co. (NEW) stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $29.52 per share, for a total transaction of $501,869.52. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

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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