Fluor Co. (NYSE:FLR) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its stake in Fluor Co. (NYSE:FLR) by 42.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 98,343 shares of the construction company’s stock after selling 72,795 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Fluor were worth $4,850,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FLR. GAMMA Investing LLC boosted its holdings in shares of Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock valued at $112,000 after acquiring an additional 213 shares during the period. Nisa Investment Advisors LLC boosted its stake in Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock worth $533,000 after purchasing an additional 241 shares during the period. CIBC Asset Management Inc increased its stake in Fluor by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company’s stock valued at $256,000 after purchasing an additional 264 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Fluor by 43.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after buying an additional 287 shares during the last quarter. Finally, Highland Capital Management LLC boosted its stake in shares of Fluor by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 4,653 shares of the construction company’s stock worth $229,000 after buying an additional 288 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLR has been the subject of several analyst reports. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Robert W. Baird lowered their price objective on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Finally, UBS Group cut their price target on shares of Fluor from $57.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.57.

Fluor Stock Up 0.2 %

Shares of NYSE FLR opened at $35.84 on Monday. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 2.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. Fluor Co. has a 52 week low of $29.20 and a 52 week high of $60.10. The firm has a 50-day moving average price of $35.43 and a 200 day moving average price of $45.40. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

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.