Public Employees Retirement System of Ohio decreased its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 58,105 shares of the construction company’s stock after selling 1,172 shares during the period. Public Employees Retirement System of Ohio’s holdings in Fluor Co. (NEW) were worth $1,871,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Fluor Co. (NEW) during the fourth quarter worth about $547,000. Calamos Advisors LLC acquired a new stake in shares of Fluor Co. (NEW) during the fourth quarter worth about $18,773,000. First Hawaiian Bank lifted its holdings in shares of Fluor Co. (NEW) by 8.2% during the fourth quarter. First Hawaiian Bank now owns 3,948 shares of the construction company’s stock worth $127,000 after purchasing an additional 300 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of Fluor Co. (NEW) during the third quarter worth about $1,083,000. Finally, Standard Life Aberdeen plc lifted its holdings in shares of Fluor Co. (NEW) by 9.1% during the third quarter. Standard Life Aberdeen plc now owns 70,137 shares of the construction company’s stock worth $4,075,000 after purchasing an additional 5,823 shares during the period. Institutional investors and hedge funds own 88.13% of the company’s stock.

Shares of NYSE:FLR opened at $39.74 on Thursday. Fluor Co. has a 12-month low of $29.78 and a 12-month high of $62.08. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 0.84 and a beta of 1.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.10.

Fluor Co. (NEW) (NYSE:FLR) last announced its quarterly earnings results on Thursday, February 21st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.16. Fluor Co. (NEW) had a return on equity of 11.98% and a net margin of 1.17%. The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $0.70 earnings per share. Fluor Co. (NEW)’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Fluor Co. will post 2.82 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 4th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, March 1st. Fluor Co. (NEW)’s payout ratio is presently 39.07%.

FLR has been the subject of a number of research reports. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 target price on shares of Fluor Co. (NEW) in a report on Monday, February 11th. Goldman Sachs Group downgraded Fluor Co. (NEW) from a “conviction-buy” rating to a “buy” rating and decreased their target price for the stock from $59.00 to $44.00 in a report on Wednesday, December 12th. MKM Partners set a $39.00 target price on Fluor Co. (NEW) and gave the stock a “hold” rating in a report on Friday, April 5th. Zacks Investment Research raised Fluor Co. (NEW) from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Finally, ValuEngine raised Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.69.

In other news, insider Ray F. Barnard sold 7,515 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $37.57, for a total transaction of $282,338.55. Following the completion of the transaction, the insider now directly owns 86,572 shares of the company’s stock, valued at approximately $3,252,510.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jose Luis M. Bustamante sold 2,737 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $37.06, for a total value of $101,433.22. Following the transaction, the executive vice president now directly owns 73,409 shares of the company’s stock, valued at $2,720,537.54. The disclosure for this sale can be found here. Insiders sold 13,570 shares of company stock valued at $506,670 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

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Fluor Co. (NEW) Profile

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

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

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