Vanguard Group Inc. Increases Holdings in Fluor Co. (NYSE:FLR)

Vanguard Group Inc. increased its stake in Fluor Co. (NYSE:FLR) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,698,120 shares of the construction company’s stock after acquiring an additional 168,822 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Fluor worth $872,871,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of Fluor by 64.0% in the 3rd quarter. Cerity Partners LLC now owns 64,029 shares of the construction company’s stock worth $3,055,000 after purchasing an additional 24,979 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Fluor during the third quarter worth $9,542,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Fluor by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock valued at $13,049,000 after acquiring an additional 7,242 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Fluor by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock worth $891,000 after acquiring an additional 329 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Fluor during the 3rd quarter worth about $8,165,000. 88.07% of the stock is owned by institutional investors.

Fluor Price Performance

FLR opened at $36.15 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $42.05 and its 200-day simple moving average is $48.09. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 2.97, a PEG ratio of 1.36 and a beta of 1.73. Fluor Co. has a 12-month low of $34.01 and a 12-month high of $60.10.

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

Analyst Upgrades and Downgrades

FLR has been the topic of a number of recent analyst reports. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. KeyCorp boosted their target price on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Robert W. Baird reduced 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus price target 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.