Glenview Trust Co Raises Holdings in Fluor Co. (NEW) (FLR)

Glenview Trust Co grew its holdings in shares of Fluor Co. (NEW) (NYSE:FLR) by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,109 shares of the construction company’s stock after purchasing an additional 27,594 shares during the quarter. Glenview Trust Co’s holdings in Fluor Co. (NEW) were worth $6,565,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FLR. Flinton Capital Management LLC boosted its position in Fluor Co. (NEW) by 33.1% during the second quarter. Flinton Capital Management LLC now owns 7,856 shares of the construction company’s stock worth $360,000 after purchasing an additional 1,952 shares during the period. Janus Henderson Group PLC boosted its position in Fluor Co. (NEW) by 4,064.5% during the second quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock worth $26,460,000 after purchasing an additional 564,113 shares during the period. The Manufacturers Life Insurance Company boosted its position in Fluor Co. (NEW) by 17.2% during the second quarter. The Manufacturers Life Insurance Company now owns 584,599 shares of the construction company’s stock worth $26,762,000 after purchasing an additional 85,749 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Fluor Co. (NEW) by 4.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 39,668 shares of the construction company’s stock worth $1,816,000 after purchasing an additional 1,565 shares during the period. Finally, Nomura Holdings Inc. boosted its position in Fluor Co. (NEW) by 515.4% during the second quarter. Nomura Holdings Inc. now owns 30,780 shares of the construction company’s stock worth $1,407,000 after purchasing an additional 25,778 shares during the period. Hedge funds and other institutional investors own 84.39% of the company’s stock.

A number of equities research analysts have recently issued reports on FLR shares. Credit Suisse Group lowered their price target on shares of Fluor Co. (NEW) from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Robert W. Baird raised shares of Fluor Co. (NEW) from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $48.00 to $61.00 in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Fluor Co. (NEW) from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine downgraded shares of Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Barclays increased their price target on shares of Fluor Co. (NEW) from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Fluor Co. (NEW) has a consensus rating of “Hold” and a consensus target price of $54.62.

Shares of Fluor Co. (FLR) opened at $55.31 on Friday. The firm has a market cap of $7,978.49, a P/E ratio of 38.68, a P/E/G ratio of 2.72 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 1.18. Fluor Co. has a one year low of $37.03 and a one year high of $62.09.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, February 28th. Fluor Co. (NEW)’s dividend payout ratio is currently 58.74%.

In related news, insider Jose Luis M. Bustamante sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $48.63, for a total value of $133,732.50. Following the sale, the insider now directly owns 38,757 shares of the company’s stock, valued at $1,884,752.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David Thomas Seaton sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $47.57, for a total transaction of $1,902,800.00. Following the completion of the sale, the chairman now directly owns 276,643 shares in the company, valued at $13,159,907.51. The disclosure for this sale can be found here. Insiders sold 45,932 shares of company stock worth $2,191,092 over the last ninety days. 1.30% of the stock is currently owned by insiders.

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Fluor Co. (NEW) Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

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

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