River & Mercantile Asset Management LLP Has $787,000 Stock Position in Fluor Co. (NYSE:FLR)

River & Mercantile Asset Management LLP reduced its stake in shares of Fluor Co. (NYSE:FLR – Get Rating) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,610 shares of the construction company’s stock after selling 3,890 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Fluor were worth $787,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FLR. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Fluor by 202.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 58,220 shares of the construction company’s stock worth $1,670,000 after purchasing an additional 38,945 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fluor by 4.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,343 shares of the construction company’s stock worth $268,000 after purchasing an additional 414 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Fluor by 12.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,178 shares of the construction company’s stock worth $1,841,000 after purchasing an additional 7,274 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Fluor by 3.5% during the 1st quarter. BlackRock Inc. now owns 16,937,750 shares of the construction company’s stock worth $485,943,000 after purchasing an additional 571,316 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Fluor by 10.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 88,356 shares of the construction company’s stock worth $2,616,000 after buying an additional 8,088 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Fluor Trading Down 1.1 %

FLR opened at $30.01 on Friday. The business has a 50 day simple moving average of $35.63 and a two-hundred day simple moving average of $32.24. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 0.76 and a beta of 2.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. Fluor Co. has a one year low of $21.67 and a one year high of $38.20.

Fluor (NYSE:FLR – Get Rating) last posted its earnings results on Tuesday, February 21st. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). Fluor had a return on equity of 8.49% and a net margin of 1.06%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter last year, the company posted $0.31 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Analysts predict that Fluor Co. will post 1.73 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on FLR shares. StockNews.com initiated coverage on Fluor in a research report on Thursday. They set a “hold” rating for the company. Credit Suisse Group raised their price objective on Fluor from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 22nd. UBS Group raised their target price on Fluor from $26.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, November 29th. Finally, Robert W. Baird lifted their price target on Fluor from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.29.

Insider Buying and Selling

In related news, insider James R. Breuer sold 4,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $37.81, for a total value of $151,240.00. Following the transaction, the insider now directly owns 41,742 shares of the company’s stock, valued at approximately $1,578,265.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.01% of the stock is owned by insiders.

Fluor Profile

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.