Fluor Co. (NEW) (FLR) Shares Sold by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. trimmed its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 14.7% in the third quarter, HoldingsChannel reports. The firm owned 17,824 shares of the construction company’s stock after selling 3,061 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Fluor Co. (NEW) were worth $1,036,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Huber Capital Management LLC increased its position in Fluor Co. (NEW) by 1.7% during the 2nd quarter. Huber Capital Management LLC now owns 80,825 shares of the construction company’s stock worth $3,943,000 after purchasing an additional 1,323 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Fluor Co. (NEW) during the 3rd quarter worth approximately $933,000. Fairfax Financial Holdings Ltd Can grew its holdings in Fluor Co. (NEW) by 16.7% during the 2nd quarter. Fairfax Financial Holdings Ltd Can now owns 35,000 shares of the construction company’s stock worth $1,707,000 after acquiring an additional 5,000 shares during the last quarter. Sentry Investment Management LLC grew its holdings in Fluor Co. (NEW) by 15.7% during the 2nd quarter. Sentry Investment Management LLC now owns 8,420 shares of the construction company’s stock worth $411,000 after acquiring an additional 1,145 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Fluor Co. (NEW) by 62.3% during 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. Institutional investors and hedge funds own 85.43% of the company’s stock.

NYSE:FLR opened at $40.21 on Friday. 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. has a 52 week low of $40.18 and a 52 week high of $62.09. The firm has a market capitalization of $5.86 billion, a PE ratio of 24.67, a PEG ratio of 0.60 and a beta of 1.67.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings data on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.31%. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts forecast that Fluor Co. will post 2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Tuesday, December 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Monday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio is currently 51.53%.

In other news, Chairman David Thomas Seaton acquired 5,158 shares of Fluor Co. (NEW) stock in a transaction dated Tuesday, November 6th. The shares were bought at an average cost of $48.52 per share, with a total value of $250,266.16. Following the purchase, the chairman now owns 301,400 shares in the company, valued at approximately $14,623,928. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of research firms have weighed in on FLR. Canaccord Genuity raised shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. ValuEngine raised shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. MKM Partners set a $56.00 target price on shares of Fluor Co. (NEW) and gave the stock a “hold” rating in a report on Wednesday, September 19th. TheStreet lowered shares of Fluor Co. (NEW) from a “b-” rating to a “c” rating in a report on Thursday, November 1st. Finally, UBS Group raised shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $69.00 in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.36.

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Fluor Co. (NEW) Company 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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