D. E. Shaw & Co. Inc. Sells 721,046 Shares of Fluor Co. (NYSE:FLR)

D. E. Shaw & Co. Inc. lessened its stake in Fluor Co. (NYSE:FLR) by 28.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,841,409 shares of the construction company’s stock after selling 721,046 shares during the period. D. E. Shaw & Co. Inc. owned about 1.30% of Fluor worth $42,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Fluor by 8.1% in the 1st quarter. BlackRock Inc. now owns 15,963,167 shares of the construction company’s stock valued at $368,588,000 after buying an additional 1,198,140 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Fluor by 286.8% during the 1st quarter. Bank of New York Mellon Corp now owns 5,523,238 shares of the construction company’s stock valued at $127,530,000 after purchasing an additional 4,095,248 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Fluor by 6.6% during the 1st quarter. Geode Capital Management LLC now owns 2,163,117 shares of the construction company’s stock valued at $49,946,000 after purchasing an additional 133,333 shares in the last quarter. Impala Asset Management LLC boosted its position in shares of Fluor by 19.9% during the 1st quarter. Impala Asset Management LLC now owns 1,545,075 shares of the construction company’s stock valued at $35,676,000 after purchasing an additional 256,174 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Fluor by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,418 shares of the construction company’s stock valued at $24,569,000 after purchasing an additional 6,035 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

A number of research analysts recently weighed in on the company. Barclays upped their price target on Fluor from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, May 10th. Zacks Investment Research raised Fluor from a “strong sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research note on Friday, April 30th. Finally, Citigroup lowered their price objective on Fluor from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.17.

Shares of Fluor stock opened at $16.86 on Thursday. The stock has a market capitalization of $2.38 billion, a P/E ratio of -10.34 and a beta of 2.92. Fluor Co. has a 52 week low of $8.10 and a 52 week high of $25.08. The business has a 50 day moving average of $18.03. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.35.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Thursday, May 6th. The construction company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.18 billion. Fluor had a negative return on equity of 8.63% and a negative net margin of 1.59%. The company’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.22) earnings per share. Equities analysts expect that Fluor Co. will post 0.62 EPS for the current fiscal year.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through six segments: Energy & Chemicals; Mining & Industrial; Infrastructure & Power; Government; Diversified Services; and Other.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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