Fairview Capital Investment Management buys $24,049,389 stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Fairview Capital Investment Management scooped up 20,930 additional shares in Fluor Corporation (NEW) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 466,616 shares of Fluor Corporation (NEW) which is valued at $24,049,389.Fluor Corporation (NEW) makes up approximately 1.85% of Fairview Capital Investment Management’s portfolio.

Other Hedge Funds, Including , Investment Counselors Of Maryland boosted its stake in FLR in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 3,022 shares of Fluor Corporation (NEW) which is valued at $157,204. Fluor Corporation (NEW) makes up approx 0.01% of Investment Counselors Of Maryland’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in FLR in the latest quarter, The investment management firm added 1,129 additional shares and now holds a total of 8,605 shares of Fluor Corporation (NEW) which is valued at $464,412. Fluor Corporation (NEW) makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio. Oakbrook Investments added FLR to its portfolio by purchasing 8,900 company shares during the most recent quarter which is valued at $467,606. Fluor Corporation (NEW) makes up approx 0.03% of Oakbrook Investments’s portfolio.

Fluor Corporation (NEW) opened for trading at $51.66 and hit $51.96 on the upside on Wednesday, eventually ending the session at $51.89, with a gain of 0.45% or 0.23 points. The heightened volatility saw the trading volume jump to 14,40,755 shares. Company has a market cap of $7,226 M.

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.

Investors should note that on Aug 3, 2016, Fluor Corporation (NEW) announced a cash dividend of $0.2100. The company’s management has announced Aug 31, 2016 as the ex-dividend date and fixed the record date on Sep 2, 2016. The payable date has been fixed on Oct 4, 2016.

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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