Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Fluor Co. (NYSE:FLR – Get Rating ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 415,585 shares of the construction company’s stock, valued at approximately $10,344,000. Fluor makes up about 1.5% of Mesirow Institutional Investment Management Inc.’s investment portfolio, making the stock its 18th largest position. Mesirow Institutional Investment Management Inc. owned 0.29% of Fluor at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in FLR. Advisors Preferred LLC bought a new stake in shares of Fluor during the third quarter valued at $355,000. DA Davidson & CO. raised its stake in shares of Fluor by 1.6% in the third quarter. DA Davidson & CO. now owns 31,266 shares of the construction company’s stock valued at $778,000 after purchasing an additional 500 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Fluor by 23.4% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 22,171 shares of the construction company’s stock valued at $552,000 after purchasing an additional 4,211 shares in the last quarter. Glenview Trust Co boosted its stake in Fluor by 7.6% in the third quarter. Glenview Trust Co now owns 266,477 shares of the construction company’s stock valued at $6,632,000 after purchasing an additional 18,776 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Fluor in the third quarter valued at approximately $300,000. 94.28% of the stock is owned by institutional investors and hedge funds.
Promote and demote an analyst
A number of research firms have commented on FLR. Credit Suisse Group raised their price objective on shares of Fluor from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, November 7th. UBS Group boosted their price objective on shares of Fluor from $26.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, November 29th. Citigroup upped their target price on Fluor from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, November 7th. DA Davidson upgraded Fluor from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $40.00 in a research note on Monday, November 7th. Finally, Bank of America boosted their price objective on shares of Fluor from $28.00 to $33.00 in a research report on Sunday, November 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Fluor has a consensus rating of “Hold” and a consensus target price of $34.29, based on data from MarketBeat.com.
Fluor Trading up 0.2%
Shares of NYSE FLR traded up $0.08 during midday trading on Wednesday, reaching $36.83. 118,053 shares of the company traded hands, compared to its average volume of 1,658,260. The stock has a 50-day moving average of $34.70 and a 200-day moving average of $30.12. Fluor Co. has a 52-week low of $19.80 and a 52-week high of $37.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.55, and a quick ratio of 1.55.
Fluor (NYSE:FLR – Get Rating ) last posted its quarterly earnings results on Friday, November 4th. The construction company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.41). Fluor had a positive return on equity of 7.74% and a negative net income of 0.19%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ estimates of $3.54 billion. In the same period last year, the company reported earnings of $0.23 per share. The company’s revenue increased by 16.4% year-on-year. As a group, sell-side analysts expect that Fluor Co. will post 0.87 earnings per share for the current fiscal year.
Fluor Company Profile
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Fluor Corp. operates as a holding company. The firm is committed to providing engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services worldwide. It operates in the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Energy, Diversified Services and Government.
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