Needelman Asset Management Inc Lowers stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Needelman Asset Management Inc reduced its stake in Fluor Corporation (NEW) by 0.15% during the most recent quarter end. The investment management company now holds a total of 16,785 shares of Fluor Corporation (NEW) which is valued at $844,621 after selling 25 shares in Fluor Corporation (NEW) , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Fluor Corporation (NEW) makes up approximately 2.60% of Needelman Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co reduced its stake in FLR by selling 48,063 shares or 19.08% in the most recent quarter. The Hedge Fund company now holds 203,845 shares of FLR which is valued at $10,257,480. Fluor Corporation (NEW) makes up approx 0.68% of Dalton Greiner Hartman Maher Co’s portfolio.Raymond James Trust N.a. boosted its stake in FLR in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 4,322 shares of Fluor Corporation (NEW) which is valued at $221,157. Fluor Corporation (NEW) makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in FLR in the latest quarter, The investment management firm added 2,627 additional shares and now holds a total of 59,908 shares of Fluor Corporation (NEW) which is valued at $3,065,492. Fluor Corporation (NEW) makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.

Fluor Corporation (NEW) closed down -1.17 points or -2.29% at $50 with 14,07,607 shares getting traded on Tuesday. Post opening the session at $50.72, the shares hit an intraday low of $49.61 and an intraday high of $50.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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