Fluor (FLR) Market Value Declined While Heritage Investors Management Has Lifted by $469,620 Its Stake; As Intuit (INTU) Share Price Rose, Holder Jasper Ridge Partners LP Decreased Stake by $3.12 Million

December 7, 2017 - By Marguerite Chambers

Heritage Investors Management Corp increased its stake in Fluor Corp (FLR) by 4.1% based on its latest 2017Q2 regulatory filing with the SEC. Heritage Investors Management Corp bought 10,436 shares as the company’s stock declined 18.75% while stock markets rallied. The institutional investor held 265,204 shares of the military and government and technical company at the end of 2017Q2, valued at $12.14M, up from 254,768 at the end of the previous reported quarter. Heritage Investors Management Corp who had been investing in Fluor Corp for a number of months, seems to be bullish on the $6.88B market cap company. The stock increased 0.59% or $0.29 during the last trading session, reaching $49.15. About 1.02M shares traded. Fluor Corporation (NYSE:FLR) has declined 7.15% since December 7, 2016 and is downtrending. It has underperformed by 23.85% the S&P500.

Mark Wolfson decreased its stake in Intuit (INTU) by 60.9% based on its latest 2017Q2 regulatory filing with the SEC. Jasper Ridge Partners Lp sold 23,618 shares as the company’s stock rose 4.61% with the market. The hedge fund run by Mark Wolfson held 15,163 shares of the prepackaged software company at the end of 2017Q2, valued at $2.01M, down from 38,781 at the end of the previous reported quarter. Jasper Ridge Partners Lp who had been investing in Intuit for a number of months, seems to be less bullish one the $39.93B market cap company. The stock increased 1.11% or $1.72 during the last trading session, reaching $156.19. About 946,579 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since December 7, 2016 and is uptrending. It has outperformed by 6.92% the S&P500.




Among 17 analysts covering Fluor Corporation (NYSE:FLR), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Fluor Corporation had 44 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Friday, November 13. The stock of Fluor Corporation (NYSE:FLR) earned “Buy” rating by S&P Research on Thursday, October 8. The rating was upgraded by Deutsche Bank on Thursday, January 12 to “Buy”. As per Friday, October 6, the company rating was maintained by Robert W. Baird. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 19. The firm earned “Neutral” rating on Wednesday, June 29 by M Partners. FBR Capital downgraded the stock to “Market Perform” rating in Friday, February 19 report. The stock of Fluor Corporation (NYSE:FLR) earned “Outperform” rating by William Blair on Friday, August 21. The firm has “Neutral” rating by UBS given on Friday, July 31. UBS maintained the shares of FLR in report on Friday, November 3 with “Neutral” rating.

More recent Fluor Corporation (NYSE:FLR) news were published by: Streetinsider.com which released: “Fluor Corp. (FLR) Secures Position as Design-Build Team from Massachusetts Bay …” on November 20, 2017. Also Streetinsider.com published the news titled: “Fluor Corp. (FLR) Secures Contract from Ontario Power Generation for …” on December 04, 2017. Nasdaq.com‘s news article titled: “Fluor to Refurbish Darlington Nuclear Station in Canada” with publication date: December 06, 2017 was also an interesting one.

Investors sentiment decreased to 1.13 in Q2 2017. Its down 0.06, from 1.19 in 2017Q1. It fall, as 49 investors sold FLR shares while 143 reduced holdings. 55 funds opened positions while 162 raised stakes. 116.24 million shares or 1.20% more from 114.86 million shares in 2017Q1 were reported. Moreover, Insight 2811 Incorporated has 0.79% invested in Fluor Corporation (NYSE:FLR). Exxonmobil Management Inc Tx holds 26,838 shares. Pnc Fincl Services Gru Inc reported 0% stake. Cubist Systematic Strategies accumulated 9,073 shares. Optimum Investment Advsrs holds 0.1% or 6,490 shares in its portfolio. Moreover, Clearbridge Invs Limited Liability has 0.57% invested in Fluor Corporation (NYSE:FLR). Qci Asset New York holds 0% in Fluor Corporation (NYSE:FLR) or 100 shares. Tiaa Cref Inv Mngmt Llc owns 462,136 shares or 0.01% of their US portfolio. Gam Ag reported 0.04% in Fluor Corporation (NYSE:FLR). Public Employees Retirement Systems Of Ohio has 0.02% invested in Fluor Corporation (NYSE:FLR). Guggenheim Ltd Liability Corporation reported 1.03 million shares. Sumitomo Life Co has invested 0.13% in Fluor Corporation (NYSE:FLR). 129,650 are held by Banque Pictet Cie Sa. Lucus Advisors Ltd Com holds 0.49% of its portfolio in Fluor Corporation (NYSE:FLR) for 7,929 shares. Riverhead Capital Management Lc has 8,898 shares for 0.02% of their portfolio.

Heritage Investors Management Corp, which manages about $1.74 billion and $1.49 billion US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 4,567 shares to 139,318 shares, valued at $21.37 million in 2017Q2, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 16,545 shares in the quarter, leaving it with 455,612 shares, and cut its stake in Pepsico Inc (NYSE:PEP).

Jasper Ridge Partners Lp, which manages about $10.88B and $1.86B US Long portfolio, upped its stake in Vanguard Tax Managed Intl Fd (VEA) by 2.86 million shares to 4.85M shares, valued at $200.34M in 2017Q2, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VWO) by 1.07M shares in the quarter, for a total of 3.45 million shares, and has risen its stake in Alphabet Inc.

Investors sentiment decreased to 0.96 in Q2 2017. Its down 0.05, from 1.01 in 2017Q1. It is negative, as 41 investors sold INTU shares while 249 reduced holdings. 74 funds opened positions while 205 raised stakes. 215.33 million shares or 0.33% more from 214.62 million shares in 2017Q1 were reported. Tokio Marine Asset Company Ltd stated it has 36,050 shares. Geneva Advsr Llc stated it has 1,588 shares. Boston Advisors Limited Company owns 8,966 shares for 0.03% of their portfolio. First Midwest Bancshares Trust Division holds 0.19% in Intuit Inc. (NASDAQ:INTU) or 11,923 shares. Nichols & Pratt Advisers Limited Liability Partnership Ma holds 0.55% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 45,421 shares. Moreover, First Quadrant Ltd Partnership Ca has 0.36% invested in Intuit Inc. (NASDAQ:INTU) for 135,316 shares. Clean Yield Grp Incorporated accumulated 1.58% or 28,505 shares. Sumitomo Mitsui Asset Mgmt Limited reported 0.49% stake. Fairfield Bush And Commerce holds 0.11% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 2,620 shares. Gotham Asset Lc owns 460,059 shares or 0.86% of their US portfolio. Moreover, Ibm Retirement Fund has 0.16% invested in Intuit Inc. (NASDAQ:INTU). Kentucky Retirement invested in 0.16% or 15,603 shares. Stonebridge Cap Management invested 1.57% in Intuit Inc. (NASDAQ:INTU). Koch Industrial accumulated 0.39% or 1.44 million shares. Macquarie holds 740,985 shares.

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