Clearbridge Investments Lowers stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Clearbridge Investments reduced its stake in Fluor Corporation (NEW) by 3.13% during the most recent quarter end. The investment management company now holds a total of 12,845,140 shares of Fluor Corporation (NEW) which is valued at $660,368,647 after selling 415,485 shares in Fluor Corporation (NEW) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Fluor Corporation (NEW) makes up approximately 0.74% of Clearbridge Investments’s portfolio.

Other Hedge Funds, Including , Nomura Asset Management Co Ltd reduced its stake in FLR by selling 300 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 53,999 shares of FLR which is valued at $2,776,089. Fluor Corporation (NEW) makes up approx 0.05% of Nomura Asset Management Co Ltd’s portfolio.Blackrock Japan Ltd boosted its stake in FLR in the latest quarter, The investment management firm added 7,810 additional shares and now holds a total of 180,651 shares of Fluor Corporation (NEW) which is valued at $9,287,268. Fluor Corporation (NEW) makes up approx 0.03% of Blackrock Japan Ltd’s portfolio.California State Teachers Retirement System reduced its stake in FLR by selling 130 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 303,397 shares of FLR which is valued at $16,046,667. Fluor Corporation (NEW) makes up approx 0.03% of California State Teachers Retirement System’s portfolio.Huntington National Bank reduced its stake in FLR by selling 981 shares or 32.58% in the most recent quarter. The Hedge Fund company now holds 2,030 shares of FLR which is valued at $109,559.

Fluor Corporation (NEW) closed down -0.37 points or -0.71% at $51.53 with 8,99,308 shares getting traded on Thursday. Post opening the session at $51.9, the shares hit an intraday low of $50.985 and an intraday high of $52.43 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Fluor Corporation (NEW) reported $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $4856.10 million for the quarter, compared to analysts expectations of $4733.48 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Fluor Corporation (NEW). Fluor Corporation (NEW) was Initiated by MKM Partners to “Neutral” on Jun 29, 2016.

Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering procurement construction fabrication and modularization commissioning and maintenance as well as project management services. It operates in five segments: Oil & Gas Industrial & Infrastructure Government Global Services and Power. Through its Oil & Gas segment Fluor serves the oil and gas production processing and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design engineering procurement construction operations and maintenance and project management services. The Government segment is a provider of engineering construction logistics and environmental and nuclear services among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment it provides a range of services to the gas-fueled and solid-fueled markets among others.

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