ETRADE Capital Management LLC Boosts Position in Fluor Corporation (FLR)

ETRADE Capital Management LLC boosted its stake in Fluor Corporation (NYSE:FLR) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,594 shares of the construction company’s stock after acquiring an additional 2,456 shares during the quarter. ETRADE Capital Management LLC’s holdings in Fluor were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FLR. CI Global Investments Inc. lifted its position in Fluor by 66.8% in the 2nd quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock valued at $216,165,000 after acquiring an additional 1,890,300 shares in the last quarter. Becker Capital Management Inc. bought a new stake in Fluor in the 3rd quarter valued at $26,858,000. Janus Henderson Group PLC lifted its position in Fluor by 4,064.5% in the 2nd quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock valued at $26,460,000 after acquiring an additional 564,113 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Fluor by 1,807.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock valued at $26,482,000 after acquiring an additional 509,200 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Fluor by 4.7% in the 2nd quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock valued at $432,519,000 after acquiring an additional 422,641 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Fluor in a research report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Fluor in a research report on Tuesday, September 5th. Johnson Rice lowered shares of Fluor from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $62.00 to $48.00 in a research note on Monday, August 7th. Citigroup set a $53.00 price target on shares of Fluor and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Credit Suisse Group lowered their price target on shares of Fluor from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Fluor presently has a consensus rating of “Hold” and an average price target of $47.45.

In other news, CFO Bruce A. Stanski sold 2,792 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $48.48, for a total transaction of $135,356.16. Following the transaction, the chief financial officer now directly owns 40,104 shares in the company, valued at approximately $1,944,241.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jose Luis M. Bustamante sold 2,750 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the transaction, the insider now owns 38,757 shares in the company, valued at $1,884,752.91. The disclosure for this sale can be found here. Insiders have sold a total of 45,542 shares of company stock worth $2,171,889 over the last 90 days. 1.30% of the stock is owned by company insiders.

Shares of Fluor Corporation (FLR) traded up $0.25 during mid-day trading on Friday, reaching $48.67. 1,100,000 shares of the company’s stock traded hands, compared to its average volume of 1,527,519. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37. The firm has a market cap of $6,807.72, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.39 and a beta of 1.46.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. Fluor had a net margin of 1.03% and a return on equity of 11.69%. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the previous year, the business earned $0.03 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. equities analysts expect that Fluor Corporation will post 1.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.73%. Fluor’s dividend payout ratio is presently 58.74%.

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Fluor Company Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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