Fluor Corp: Isico-A Makes Purchase

Fluor Corporation (NYSE:FLR) Logo

Investors sentiment increased to 1.24 in Q1 2019. Its up 0.48, from 0.76 in 2018Q4. It is positive, as 33 investors sold Fluor Corporation shares while 111 reduced holdings. 58 funds opened positions while 121 raised stakes. 118.49 million shares or 1.32% more from 116.95 million shares in 2018Q4 were reported.

New York-based Focused Wealth has invested 0% in Fluor Corporation (NYSE:FLR). Nuveen Asset Lc stated it has 49,866 shares. Artisan Ltd Partnership holds 4.99 million shares. Susquehanna Intl Group Inc Limited Liability Partnership stated it has 0% in Fluor Corporation (NYSE:FLR). Meeder Asset Mngmt holds 0.07% in Fluor Corporation (NYSE:FLR) or 24,051 shares. Cap Investment Counsel Inc has 0.14% invested in Fluor Corporation (NYSE:FLR). Legal General Group Public Ltd Co reported 0.02% of its portfolio in Fluor Corporation (NYSE:FLR). Oregon Employees Retirement Fund has 0.04% invested in Fluor Corporation (NYSE:FLR) for 70,429 shares. Janney Montgomery Scott holds 0.02% in Fluor Corporation (NYSE:FLR) or 68,630 shares. Prudential Financial Inc holds 886,476 shares or 0.05% of its portfolio. Grp One Trading L P holds 0.01% or 23,327 shares. Verition Fund Ltd Liability Com has 0.01% invested in Fluor Corporation (NYSE:FLR). Moreover, Bokf Na has 0.13% invested in Fluor Corporation (NYSE:FLR) for 143,348 shares. Ww Asset Mgmt invested in 14,300 shares. Engineers Gate Manager Limited Partnership invested 0.14% of its portfolio in Fluor Corporation (NYSE:FLR).

Since May 13, 2019, it had 1 insider buy, and 0 selling transactions for $501,786 activity.

The New Isico-A Holding in Fluor Corp

Isico-A reported SC 13D form with the SEC for Fluor Corp. Access it here: 000119312519242978. As reported by Isico-A, the filler owns 5.11% or 7,156,060 shares of the Industrials–company.

Fluor Corp stake is new for [reportingPerson]. Date of activity: September9, 2019. This shows Isico-A’s positive view for Fluor Corp.

Reasons Why Isico-A Bought – Fluor Corp Stock

Item4. Purpose of Transaction

The Reporting Persons acquired beneficial ownership of the Common Stock to which this Statement relates for investment. The Reporting Personsmay acquire additional Common Stock or other securities of the Company or sell or otherwise dispose of any or all of the Common Stock or other securities of the Company beneficially owned by them.

Although the Reporting Persons do not have any specific plan or proposal to acquire, transfer or dispose of shares of Common Stock at the timeof this filing, consistent with their investment purpose, the Reporting Persons may, either directly or through one or more affiliates, from time to time or at any time and subject to price, market and general economic and fiscal conditions andother factors, acquire or seek to acquire additional shares of Common Stock in the open market, in privately negotiated transactions or otherwise, or dispose of or seek to dispose of all or a portion of such shares of Common Stock now owned orhereafter acquired. In addition, the Reporting Persons may, either directly or through one or more affiliates, from time to time or at any time and subject to price, market and general economic and fiscal conditions and other factors, consolidate orseek to consolidate assets held by the Reporting Persons and their affiliates, including acquiring assets owned by or selling assets to the Issuer, or make changes or seek to make changes to the capital structure of the Issuer. The Reporting Personsreserve the right to change their intention with respect to any or all of the matters required to be disclosed in this Item 4.

10

The Reporting Persons have not made a determination regarding a maximum or minimum number ofshares of Common Stock or other securities of the Issuer that it may hold at any point in time.

Also, consistent with their investmentintent and ongoing evaluation of their investment in the Issuer and alternatives to such investment, including a potential consolidation, acquisition or sale of assets or Common Stock or changes to the Issuer’s capital structure, any of theReporting Persons may engage in communications with, without limitation, one or more stockholders of the Issuer or one or more officers of the Issuer regarding the Issuer. During the course of such communications, the Reporting Persons may advocateor oppose one or more courses of action.

Except as set forth herein and below, or as would occur upon completion of any of the mattersdiscussed herein, the Reporting Persons have no present plans or proposals that would relate to or result in any of the matters set forth in clauses (a)through (j) of Item 4 of Schedule 13D. Although the foregoing reflects activities presentlycontemplated by such persons with respect to the Issuer, the foregoing is subject to change at any time.

Fluor Corp Institutional Sentiment

Filings show 348 investors own Fluor Corp. The ownership in Q3 2017 is very high, at Infinity of the outstanding shares. This is increased by 3479457. 115068172 were owned by these investors. 35 funds opened new Fluor Corp stakes, 129 increased positions. There were 59 that closed positions and 144 reduced them.

Symons Capital Management Inc is an investor bullish on Fluor Corp, owning 300028 shares as of Q3 2017 for 3.19% of its portfolio. Ci Global Investments Inc owns 3456966 shares or 2.92% of its portfolio. NY Clark Estates Inc have 2.10% of its portfolio for 300000 shares. Further, Insight 2811 Inc reported stake worth 1.15% of its portfolio. The C5 Holowesko Partners Ltd owns 2127000 shares. Fluor Corp is 7.13% of its portfolio.

SEC Form 13D.

Analysts await Fluor Corporation (NYSE:FLR) to report earnings on November, 7. They expect $0.33 EPS, down 40.00 % or $0.22 from last year’s $0.55 per share. FLR’s profit will be $39.32M for 16.07 P/E if the $0.33 EPS becomes a reality. After $0.33 actual EPS reported by Fluor Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

The stock increased 2.22% or $0.46 during the last trading session, reaching $21.21. About 2.02 million shares traded. Fluor Corporation (NYSE:FLR) has declined 35.89% since September 12, 2018 and is downtrending. It has underperformed by 35.89% the S&P500.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company has market cap of $2.53 billion. It operates through four divisions: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Maintenance, Modification & Asset Integrity ; and Government. It currently has negative earnings. The Energy, Chemicals & Mining segment offers a range of design, engineering, procurement, construction, fabrication, and project management services to upstream, downstream, chemical, petrochemical, offshore and onshore gas and oil production, liquefied natural gas, pipeline, and metals and mining markets.

Fluor Corporation (NYSE:FLR) Ratings Coverage

Among 4 analysts covering Fluor (NYSE:FLR), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Fluor has $4400 highest and $1700 lowest target. $31.25’s average target is 47.34% above currents $21.21 stock price. Fluor had 10 analyst reports since April 6, 2019 according to SRatingsIntel. The stock has “Buy” rating by UBS on Thursday, May 9. Citigroup maintained Fluor Corporation (NYSE:FLR) on Friday, August 2 with “Buy” rating. The stock has “Neutral” rating by Goldman Sachs on Tuesday, May 7. The stock of Fluor Corporation (NYSE:FLR) earned “Underperform” rating by Bank of America on Thursday, August 22.

More notable recent Fluor Corporation (NYSE:FLR) news were published by: Finance.Yahoo.com which released: “Should You Investigate Fluor Corporation (NYSE:FLR) At US$31.11? – Yahoo Finance” on June 25, 2019, also Finance.Yahoo.com with their article: “Why Shares of Fluor Got Stomped in August – Yahoo Finance” published on September 09, 2019, Seekingalpha.com published: “Fluor tanks ~15% on large Q1 earnings miss, CEO transition and lower EPS outlook – Seeking Alpha” on May 02, 2019. More interesting news about Fluor Corporation (NYSE:FLR) were released by: Seekingalpha.com and their article: “Fluor slammed by big Q2 loss; withdraws earnings guidance – Seeking Alpha” published on August 01, 2019 as well as Livetradingnews.com‘s news article titled: “The Street’s Key Stock Analysts Research Reports – Live Trading News” with publication date: August 23, 2019.

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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