FMR LLC & Abigail Johnson Report 7.948% Stake in Fluor Corp.
Ticker: FLR · Form: SC 13G/A · Filed: Feb 9, 2024
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
TL;DR
**FMR LLC and Abigail Johnson still own nearly 8% of Fluor, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Fluor Corp. (FLR) to 7.948%, representing 13,559,609 shares of common stock, as of February 9, 2024. This is an amendment to a previous filing, indicating a slight adjustment in their reported beneficial ownership. This matters to investors because FMR LLC is a significant institutional holder, and changes in their reported stake can signal their ongoing confidence (or lack thereof) in Fluor's future prospects.
Why It Matters
Large institutional ownership by firms like FMR LLC can provide stability to a stock, and their continued significant stake suggests a long-term belief in Fluor's value.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for a stock.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can be a sign of long-term confidence in Fluor Corp. No immediate action is suggested by this filing alone, but it's a data point for assessing institutional sentiment.
Key Numbers
- 13,559,609 — Shares Beneficially Owned (Represents the total number of Fluor Corp. common shares FMR LLC and Abigail P. Johnson beneficially own.)
- 7.948% — Percentage of Class (Indicates the significant portion of Fluor Corp. that FMR LLC and Abigail P. Johnson collectively control.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- FLUOR CORP (company) — the issuer of the securities
- 13,559,609 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.948% (dollar_amount) — percentage of class beneficially owned
- February 9, 2024 (date) — date as of change and filing date
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Fluor Corp. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for Fluor Corp.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of Fluor Corp. common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 13,559,609 shares of Fluor Corp. common stock, as indicated in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What percentage of Fluor Corp.'s common stock class do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 7.948% of the class of Fluor Corp. common stock, as specified in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box on the cover page and in Item 3 for FMR LLC.
What is the CUSIP number for Fluor Corp. common stock mentioned in the filing?
The CUSIP number for Fluor Corp. common stock is 343412102, as listed multiple times in the filing, including under 'Cusip #343412102' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding FLUOR CORP (FLR).