Exchange Traded Concepts LLC Has $2.15 Million Stake in Fluor Co. (NYSE:FLR)

Exchange Traded Concepts LLC raised its position in shares of Fluor Co. (NYSE:FLR) by 291.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,605 shares of the construction company’s stock after buying an additional 32,472 shares during the period. Exchange Traded Concepts LLC’s holdings in Fluor were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FLR. Mercer Global Advisors Inc. ADV increased its holdings in shares of Fluor by 5.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,635 shares of the construction company’s stock valued at $289,000 after purchasing an additional 370 shares in the last quarter. Sei Investments Co. boosted its position in shares of Fluor by 79.1% during the second quarter. Sei Investments Co. now owns 142,350 shares of the construction company’s stock worth $6,199,000 after purchasing an additional 62,887 shares in the last quarter. Xponance Inc. boosted its position in shares of Fluor by 1.2% during the second quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock worth $1,006,000 after purchasing an additional 265 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Fluor by 63.8% during the second quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company’s stock worth $24,771,000 after purchasing an additional 222,070 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Fluor by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 206,060 shares of the construction company’s stock worth $8,974,000 after purchasing an additional 9,567 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Price Performance

Shares of NYSE:FLR opened at $54.58 on Monday. The firm has a 50 day moving average of $52.46 and a 200-day moving average of $50.37. The stock has a market capitalization of $9.36 billion, a PE ratio of 36.39, a PEG ratio of 3.83 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last issued its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. Fluor’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 earnings per share. On average, equities research analysts predict that Fluor Co. will post 2.62 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FLR. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Truist Financial lowered their price target on shares of Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. KeyCorp boosted their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. UBS Group lifted their target price on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $58.00 target price (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.14.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.