South Dakota Investment Council Cut Position in Fluor Corp New (FLR) by $4.33 Million as Market Valuation Rose

October 13, 2018 - By Vivian Park

Fluor Corporation (NYSE:FLR) LogoInvestors sentiment increased to 0.91 in Q2 2018. Its up 0.04, from 0.87 in 2018Q1. It is positive, as 49 investors sold FLR shares while 138 reduced holdings. 51 funds opened positions while 119 raised stakes. 115.19 million shares or 1.77% less from 117.26 million shares in 2018Q1 were reported. Usa Fincl Portformulas accumulated 0.1% or 6,979 shares. Bp Public Ltd Com holds 16,000 shares or 0.03% of its portfolio. Macquarie Grp Inc has invested 0% in Fluor Corporation (NYSE:FLR). 12,156 were reported by M&T Bancorporation Corporation. Cambridge Invest Rech Advisors reported 20,300 shares. Canada Pension Plan Invest Board accumulated 239,943 shares. Hsbc Pcl holds 0.04% or 429,299 shares in its portfolio. Barrow Hanley Mewhinney And Strauss Ltd Llc holds 366 shares or 0% of its portfolio. Aviance Capital Mgmt Ltd Llc holds 0.13% or 28,695 shares in its portfolio. Washington Tru Com has invested 0% in Fluor Corporation (NYSE:FLR). Becker Cap Mngmt has 241,440 shares for 0.39% of their portfolio. Pub Employees Retirement Sys Of Ohio holds 66,327 shares or 0.02% of its portfolio. Tiverton Asset Management Ltd Limited Liability Company stated it has 23,275 shares. Mariner Lc has 10,110 shares. The Australia-based Commonwealth Natl Bank Of Australia has invested 0.02% in Fluor Corporation (NYSE:FLR).

Since May 8, 2018, it had 2 insider purchases, and 0 selling transactions for $2.24 million activity. On Thursday, May 17 Locklear Samuel J bought $17,440 worth of Fluor Corporation (NYSE:FLR) or 353 shares.

South Dakota Investment Council decreased its stake in Fluor Corp New (FLR) by 17.15% based on its latest 2018Q2 regulatory filing with the SEC. South Dakota Investment Council sold 90,270 shares as the company’s stock rose 16.55% with the market. The institutional investor held 436,138 shares of the military and government and technical company at the end of 2018Q2, valued at $21.28 million, down from 526,408 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Fluor Corp New for a number of months, seems to be less bullish one the $6.57 billion market cap company. The stock increased 0.39% or $0.18 during the last trading session, reaching $46.71. About 3.62 million shares traded or 181.68% up from the average. Fluor Corporation (NYSE:FLR) has risen 44.05% since October 13, 2017 and is uptrending. It has outperformed by 28.43% the S&P500.

South Dakota Investment Council, which manages about $4.58 billion US Long portfolio, upped its stake in Applied Matls Inc (NASDAQ:AMAT) by 203,020 shares to 286,920 shares, valued at $13.25 million in 2018Q2, according to the filing. It also increased its holding in Wells Fargo Co New (NYSE:WFC) by 56,120 shares in the quarter, for a total of 1.53M shares, and has risen its stake in General Mls Inc (NYSE:GIS).

Analysts await Fluor Corporation (NYSE:FLR) to report earnings on November, 1. They expect $0.77 earnings per share, up 14.93 % or $0.10 from last year’s $0.67 per share. FLR’s profit will be $108.27M for 15.17 P/E if the $0.77 EPS becomes a reality. After $0.81 actual earnings per share reported by Fluor Corporation for the previous quarter, Wall Street now forecasts -4.94 % negative EPS growth.

More notable recent Fluor Corporation (NYSE:FLR) news were published by: Fool.com which released: “Why CVS Health, Fluor, and Square Slumped Today” on October 11, 2018, also Bizjournals.com with their article: “Local atomic lab gets new management company” published on October 02, 2018, Streetinsider.com published: “Pre-Open Movers 10/11: (CGEN) (HEAR) (CRSP) Higher; (ATOM) (SHLD) (FLR) Lower (more…)” on October 11, 2018. More interesting news about Fluor Corporation (NYSE:FLR) were released by: Streetinsider.com and their article: “After-Hours Stock Movers 10/10: (CRSP) (NTLA) (EDIT) Higher; (ATOM) (FLR) (SQ) Lower (more…)” published on October 10, 2018 as well as Businesswire.com‘s news article titled: “Fluor Joint Venture to Design and Build LNG Canada Project” with publication date: October 02, 2018.

Fluor Corporation (NYSE:FLR) Ratings Coverage

Among 9 analysts covering Fluor Corp (NYSE:FLR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Fluor Corp had 11 analyst reports since May 4, 2018 according to SRatingsIntel. The stock of Fluor Corporation (NYSE:FLR) earned “Buy” rating by Citigroup on Friday, May 4. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Wednesday, May 9 by Bank of America. DA Davidson maintained Fluor Corporation (NYSE:FLR) on Friday, May 4 with “Neutral” rating. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Friday, August 17 by Canaccord Genuity. The firm has “Outperform” rating by Credit Suisse given on Monday, May 7. Benchmark maintained Fluor Corporation (NYSE:FLR) on Friday, May 4 with “Buy” rating. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Thursday, October 11 by Citigroup. UBS upgraded the stock to “Buy” rating in Monday, August 13 report. Robert W. Baird downgraded Fluor Corporation (NYSE:FLR) on Friday, May 4 to “Hold” rating. The firm has “Hold” rating by Vertical Research given on Friday, May 4.

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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