Ct Financial Advisors Lowers stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Ct Financial Advisors reduced its stake in Fluor Corporation (NEW) by 4.51% during the most recent quarter end. The investment management company now holds a total of 10,513 shares of Fluor Corporation (NEW) which is valued at $525,650 after selling 497 shares in Fluor Corporation (NEW) , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Fluor Corporation (NEW) makes up approximately 0.33% of Ct Financial Advisors’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in FLR in the latest quarter, The investment management firm added 216 additional shares and now holds a total of 7,257 shares of Fluor Corporation (NEW) which is valued at $367,712. Fluor Corporation (NEW) makes up approx 0.07% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FLR by selling 3,804 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 84,111 shares of FLR which is valued at $4,317,418. Fluor Corporation (NEW) makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Private Asset Management Inc boosted its stake in FLR in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 83,380 shares of Fluor Corporation (NEW) which is valued at $4,279,895. Fluor Corporation (NEW) makes up approx 0.72% of Private Asset Management Inc’s portfolio.Washington Trust Bank reduced its stake in FLR by selling 76 shares or 80.85% in the most recent quarter. The Hedge Fund company now holds 18 shares of FLR which is valued at $924.

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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