Commonwealth Bank of Australia Buys 1,500 Shares of Fluor Co. (NEW) (FLR)

Commonwealth Bank of Australia increased its stake in shares of Fluor Co. (NEW) (NYSE:FLR) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,813 shares of the construction company’s stock after purchasing an additional 1,500 shares during the quarter. Commonwealth Bank of Australia’s holdings in Fluor Co. (NEW) were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Chicago Equity Partners LLC purchased a new stake in shares of Fluor Co. (NEW) during the third quarter worth $670,000. Janney Montgomery Scott LLC grew its holdings in shares of Fluor Co. (NEW) by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 72,293 shares of the construction company’s stock worth $4,200,000 after buying an additional 1,973 shares in the last quarter. ING Groep NV purchased a new stake in shares of Fluor Co. (NEW) during the third quarter worth $209,000. SG Americas Securities LLC grew its holdings in shares of Fluor Co. (NEW) by 423.9% during the third quarter. SG Americas Securities LLC now owns 34,518 shares of the construction company’s stock worth $2,005,000 after buying an additional 27,929 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Fluor Co. (NEW) by 20.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 522,365 shares of the construction company’s stock worth $30,349,000 after buying an additional 87,243 shares in the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

In other Fluor Co. (NEW) news, EVP Jose Luis M. Bustamante sold 2,737 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $37.06, for a total value of $101,433.22. Following the transaction, the executive vice president now owns 73,409 shares of the company’s stock, valued at $2,720,537.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $282,338.55. Following the completion of the transaction, the insider now directly owns 86,572 shares in the company, valued at approximately $3,252,510.04. The disclosure for this sale can be found here. Insiders sold 13,570 shares of company stock worth $506,670 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Shares of FLR opened at $37.58 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. Fluor Co. has a 12-month low of $29.78 and a 12-month high of $62.08. The stock has a market capitalization of $5.28 billion, a P/E ratio of 17.48, a PEG ratio of 0.80 and a beta of 1.76.

Fluor Co. (NEW) (NYSE:FLR) last posted its earnings results on Thursday, February 21st. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.16. Fluor Co. (NEW) had a net margin of 1.17% and a return on equity of 11.98%. The company had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Fluor Co. (NEW)’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that Fluor Co. will post 2.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.24%. Fluor Co. (NEW)’s payout ratio is currently 39.07%.

A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. Deutsche Bank dropped their price objective on shares of Fluor Co. (NEW) from $54.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, November 20th. 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 report on Wednesday, December 12th. MKM Partners reissued a “neutral” rating and issued a $39.00 price objective on shares of Fluor Co. (NEW) in a report on Tuesday, January 8th. Finally, Zacks Investment Research raised shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target 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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