Fluor Co. (NEW) (FLR) Position Lifted by Alps Advisors Inc.

Alps Advisors Inc. boosted its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,126 shares of the construction company’s stock after buying an additional 3,356 shares during the period. Alps Advisors Inc.’s holdings in Fluor Co. (NEW) were worth $680,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in 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 buying an additional 475,286 shares during the period. United Services Automobile Association increased its stake in Fluor Co. (NEW) by 37.2% in the 2nd quarter. United Services Automobile Association now owns 67,048 shares of the construction company’s stock worth $3,271,000 after buying an additional 18,172 shares during the period. Bank of Montreal Can increased its stake in Fluor Co. (NEW) by 33.1% in the 3rd quarter. Bank of Montreal Can now owns 100,629 shares of the construction company’s stock worth $5,847,000 after buying an additional 25,045 shares during the period. First Hawaiian Bank purchased a new position in Fluor Co. (NEW) in the 3rd quarter worth about $212,000. Finally, Nisa Investment Advisors LLC increased its stake in Fluor Co. (NEW) by 21.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 59,834 shares of the construction company’s stock worth $3,475,000 after buying an additional 10,470 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FLR opened at $36.12 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.75. Fluor Co. has a one year low of $29.78 and a one year high of $62.08.

The firm 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, March 1st. Fluor Co. (NEW)’s dividend payout ratio (DPR) is 51.53%.

Several research firms recently commented on FLR. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Credit Suisse Group reissued a “buy” rating and set a $56.00 target price on shares of Fluor Co. (NEW) in a research report on Monday. TheStreet downgraded shares of Fluor Co. (NEW) from a “b-” rating to a “c” rating in a research report on Thursday, November 1st. ValuEngine downgraded shares of Fluor Co. (NEW) from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 5th. Finally, Goldman Sachs Group downgraded shares of Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and cut their target price for the company from $59.00 to $44.00 in a research report on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.36.

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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.

See Also: Float

Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Co. (NEW) (NYSE:FLR).

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

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