Permit Capital Exits Position in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Permit Capital has sold out all of its stake in Fluor Corporation (NEW) during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 13,000 shares of Fluor Corporation (NEW) which is valued at $668,330.

Other Hedge Funds, Including , Cambria Investment Management added FLR to its portfolio by purchasing 35,468 company shares during the most recent quarter which is valued at $1,823,410. Fluor Corporation (NEW) makes up approx 0.81% of Cambria Investment Management’s portfolio.Seizert Capital Partners boosted its stake in FLR in the latest quarter, The investment management firm added 13,004 additional shares and now holds a total of 477,086 shares of Fluor Corporation (NEW) which is valued at $24,526,991. Fluor Corporation (NEW) makes up approx 0.88% of Seizert Capital Partners’s portfolio.New York State Common Retirement Fund boosted its stake in FLR in the latest quarter, The investment management firm added 15,450 additional shares and now holds a total of 363,450 shares of Fluor Corporation (NEW) which is valued at $18,684,965. Fluor Corporation (NEW) makes up approx 0.03% of New York State Common Retirement Fund’s portfolio.

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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