Impala Asset Management buys $65,951,719 stake in Fluor Corporation (NEW) (FLR)

Fluor Corporation (NEW) (FLR) : Impala Asset Management scooped up 658,315 additional shares in Fluor Corporation (NEW) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,342,392 shares of Fluor Corporation (NEW) which is valued at $65,951,719.Fluor Corporation (NEW) makes up approximately 4.21% of Impala Asset Management’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in FLR in the latest quarter, The investment management firm added 12,364 additional shares and now holds a total of 1,537,379 shares of Fluor Corporation (NEW) which is valued at $77,483,902. Fluor Corporation (NEW) makes up approx 0.40% of Bessemer Group Inc’s portfolio.Ls Investment Advisors reduced its stake in FLR by selling 1,025 shares or 13.74% in the most recent quarter. The Hedge Fund company now holds 6,433 shares of FLR which is valued at $288,584. Fluor Corporation (NEW) makes up approx 0.02% of Ls Investment Advisors’s portfolio.Oakbrook Investments reduced its stake in FLR by selling 700 shares or 7.87% in the most recent quarter. The Hedge Fund company now holds 8,200 shares of FLR which is valued at $404,670. Fluor Corporation (NEW) makes up approx 0.03% of Oakbrook Investments’s portfolio.

Fluor Corporation (NEW) opened for trading at $51.4 and hit $51.51 on the upside on Monday, eventually ending the session at $51.34, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 9,33,296 shares. Company has a market cap of $7,149 M.

On the company’s financial health, Fluor Corporation (NEW) reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.85 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.88. The company had revenue of $4766.90 million for the quarter, compared to analysts expectations of $4968.84 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on Fluor Corporation (NEW). Fluor Corporation (NEW) was Downgraded by Credit Suisse to ” Neutral” on Nov 8, 2016. Fluor Corporation (NEW) was Downgraded by Macquarie to ” Neutral” on Nov 4, 2016. Fluor Corporation (NEW) was Downgraded by Johnson Rice to ” Hold” on Nov 4, 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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