As Fluor New (FLR) Share Value Declined, Artisan Partners Limited Partnership Has Upped Holding; As Fresh Del Monte Produce (FDP) Share Value Declined, Holder Geode Capital Management Decreased Holding by $766,080

February 24, 2018 - By Winifred Garcia

Geode Capital Management Llc decreased its stake in Fresh Del Monte Produce Inc (FDP) by 4.22% based on its latest 2017Q3 regulatory filing with the SEC. Geode Capital Management Llc sold 17,024 shares as the company’s stock declined 9.11% while stock markets rallied. The institutional investor held 386,167 shares of the consumer non-durables company at the end of 2017Q3, valued at $17.56M, down from 403,191 at the end of the previous reported quarter. Geode Capital Management Llc who had been investing in Fresh Del Monte Produce Inc for a number of months, seems to be less bullish one the $2.32 billion market cap company. The stock decreased 3.21% or $1.58 during the last trading session, reaching $47.6. About 354,323 shares traded or 60.68% up from the average. Fresh Del Monte Produce Inc. (NYSE:FDP) has risen 3.35% since February 24, 2017 and is uptrending. It has underperformed by 13.35% the S&P500.

Artisan Partners Limited Partnership increased its stake in Fluor Corp New (FLR) by 53.79% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership bought 1.40M shares as the company’s stock declined 18.75% while stock markets rallied. The institutional investor held 4.00 million shares of the military and government and technical company at the end of 2017Q3, valued at $168.40 million, up from 2.60 million at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Fluor Corp New for a number of months, seems to be bullish on the $8.14B market cap company. The stock increased 0.07% or $0.04 during the last trading session, reaching $58.15. About 1.29M shares traded. Fluor Corporation (NYSE:FLR) has declined 7.15% since February 24, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.32, from 1.13 in 2017Q2. It dropped, as 59 investors sold FLR shares while 144 reduced holdings. 35 funds opened positions while 129 raised stakes. 115.07 million shares or 1.01% less from 116.24 million shares in 2017Q2 were reported. 1,026 are owned by Sun Life Financial. Ls Inv Ltd Liability Co invested in 8,959 shares or 0.02% of the stock. Etrade Capital Mngmt Limited Liability holds 0.02% or 11,594 shares in its portfolio. Louisiana State Employees Retirement System has 0.02% invested in Fluor Corporation (NYSE:FLR) for 8,700 shares. Hendershot Investments stated it has 0.61% of its portfolio in Fluor Corporation (NYSE:FLR). Capital Investment Counsel has 0.14% invested in Fluor Corporation (NYSE:FLR) for 7,795 shares. 59,437 were accumulated by Stevens Capital L P. Kbc Gru Nv owns 15,295 shares. Jpmorgan Chase & invested 0% of its portfolio in Fluor Corporation (NYSE:FLR). Tower Bridge Advisors reported 0.1% in Fluor Corporation (NYSE:FLR). Coastline Trust invested 0.09% of its portfolio in Fluor Corporation (NYSE:FLR). North Star Invest, a Illinois-based fund reported 1,000 shares. Moreover, Norinchukin Bancorp The has 0.01% invested in Fluor Corporation (NYSE:FLR) for 10,413 shares. Retail Bank Of New York Mellon accumulated 1.26M shares or 0.01% of the stock. Supplemental Annuity Collective Tru Of Nj holds 20,000 shares or 0.37% of its portfolio.

Among 19 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. Fluor Corporation had 57 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Tuesday, September 19 by KeyBanc Capital Markets. The firm has “Buy” rating given on Monday, November 6 by Canaccord Genuity. Seaport Global Securities downgraded the stock to “Neutral” rating in Friday, October 14 report. As per Wednesday, January 24, the company rating was maintained by Barclays Capital. The rating was downgraded by UBS to “Neutral” on Friday, July 31. On Friday, August 21 the stock rating was maintained by William Blair with “Outperform”. FBR Capital maintained Fluor Corporation (NYSE:FLR) rating on Friday, July 31. FBR Capital has “Outperform” rating and $60 target. KeyBanc Capital Markets maintained Fluor Corporation (NYSE:FLR) on Wednesday, February 21 with “Overweight” rating. As per Friday, November 13, the company rating was initiated by Citigroup. The company was maintained on Tuesday, August 25 by Canaccord Genuity.

Artisan Partners Limited Partnership, which manages about $54.11 billion US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 38,801 shares to 5.02M shares, valued at $454.00M in 2017Q3, according to the filing. It also reduced its holding in Costar Group Inc (NASDAQ:CSGP) by 52,121 shares in the quarter, leaving it with 115,435 shares, and cut its stake in Aci Worldwide Inc (NASDAQ:ACIW).

Among 2 analysts covering Fresh Del Monte (NYSE:FDP), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Fresh Del Monte had 4 analyst reports since January 5, 2016 according to SRatingsIntel. Wunderlich initiated the shares of FDP in report on Tuesday, January 5 with “Buy” rating. The stock of Fresh Del Monte Produce Inc. (NYSE:FDP) has “Neutral” rating given on Thursday, May 12 by Sidoti. The rating was maintained by Wunderlich on Wednesday, November 2 with “Buy”. The stock has “Buy” rating by Wunderlich on Wednesday, May 11.

Geode Capital Management Llc, which manages about $270.92B US Long portfolio, upped its stake in Constellation Brands Inc (NYSE:STZ) by 49,712 shares to 1.59 million shares, valued at $317.14 million in 2017Q3, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 878,719 shares in the quarter, for a total of 39.85 million shares, and has risen its stake in Devon Energy Corp (NYSE:DVN).

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