Fluor Corp (NYSE:FLR).
Dimensional Fund Advisors Lp says it increased its stake in Fluor Corp shares by 90,626 shares as reported in a filing on 11/14/2017. Its position was worth $100,421,000 a decrease of 4.4% according to the filing.
Here are a few institutional investors who have updated their positions. As of the end of the quarter California State Teachers Retirement System had disposed of a total of 9,496 shares trimming its position 3.5%. The value in dollars went from $12,418,000 to $11,020,000 a change of $1,398,000 since the last quarter. As of quarter end Alliancebernstein L.P. had bought 40,687 shares growing its holdings by 17.1%. The value of the investment in Fluor Corp increased from $10,907,000 to $11,743,000 increasing 7.7% quarter over quarter.
Lsv Asset Management divested its position by shedding 102,000 shares a decrease of 9.7% in the quarter. Lsv Asset Management now controls 950,892 shares valued at $40,032,000. The total value of its holdings decreased 16.9%.
On November 6 Canaccord Genuity left the company rating at “Buy” projecting a price of $49.00. Equity analyst Robert W. Baird raised the price target of the stock on November 3 boosting the projection from $40.00 to $48.00 with a “Neutral” recommendation.
Credit Suisse Group lowered the price target on November 3 changing the forecast from $43.00 to $41.00 with a rating of “Neutral”. Equity analyst Citigroup released guidance on FLR with a rating of “Buy” and projecting a price target of $53.00.
October 14 investment analysts at Stephens maintained a stock rating of “Overweight” with a current price target of $50.00. On October 11 Seaport Global Securities held the company rating at “Neutral” targeting a price of $44.00.
The company is so far trading down by 2.42% percent from yesterday’s close. Fluor Corp’s P/E ratio is 31.89 and the market cap is 6.37B. As of the latest earnings report the EPS was $1.43 with 139.88M shares currently outstanding.
Traders are more bullish on shares of the company lately if you consider the decrease in short interest. The firm saw a fall in short interest of -8.78% between October 13, 2017 and October 31, 2017. Short interest fell 605,523 over that period. Days to cover decreased 0.0 to 5.0 and the percentage of shorted shares was 0.04% on October 31.