PNC Financial Services Group Inc. Has $786,000 Stock Position in Fluor Co. (NYSE:FLR)

PNC Financial Services Group Inc. raised its position in shares of Fluor Co. (NYSE:FLR) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,931 shares of the construction company’s stock after purchasing an additional 1,878 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fluor were worth $786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after acquiring an additional 527 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Fluor during the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC grew its holdings in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after acquiring an additional 287 shares during the last quarter. Quarry LP boosted its holdings in Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after acquiring an additional 942 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after purchasing an additional 1,388 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of FLR opened at $37.34 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 1-year low of $34.01 and a 1-year high of $60.10. The company’s fifty day moving average price is $44.12 and its 200-day moving average price is $48.66. The firm has a market capitalization of $6.30 billion, a PE ratio of 3.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. On average, equities research analysts predict that Fluor Co. will post 2.5 EPS for the current year.

Analyst Ratings Changes

FLR has been the topic of a number of analyst reports. Robert W. Baird dropped their price target on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research note on Monday. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp increased their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

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.