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

Exchange Traded Concepts LLC lifted its stake in Fluor Co. (NYSE:FLR) by 291.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,605 shares of the construction company’s stock after acquiring an additional 32,472 shares during the quarter. 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 have also modified their holdings of the stock. CIBC Asset Management Inc increased its stake in shares of Fluor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock worth $235,000 after acquiring an additional 176 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Fluor by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after purchasing an additional 213 shares in the last quarter. Seelaus Asset Management LLC boosted its holdings in Fluor by 3.7% in the third quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after purchasing an additional 230 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Fluor by 2.3% in the fourth 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 in the last quarter. Finally, Xponance Inc. boosted its holdings in Fluor by 1.2% in 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. 88.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fluor

In related news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the transaction, the insider now owns 147,045 shares of the company’s stock, valued at $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Fluor Stock Down 1.3 %

FLR stock opened at $54.58 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The company has a 50-day moving average of $52.46 and a two-hundred day moving average of $50.37. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 3.83 and a beta of 1.91.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FLR. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. KeyCorp upped their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. DA Davidson upped their price objective on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Truist Financial decreased their price target on shares of Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.