Y Intercept Hong Kong Ltd Acquires Shares of 20,612 Fluor Co. (NYSE:FLR)

Y Intercept Hong Kong Ltd bought a new position in shares of Fluor Co. (NYSE:FLR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,612 shares of the construction company's stock, valued at approximately $983,000.

A number of other hedge funds have also bought and sold shares of the stock. Los Angeles Capital Management LLC increased its holdings in shares of Fluor by 139.1% in the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock valued at $819,000 after purchasing an additional 9,992 shares during the period. AQR Capital Management LLC grew its position in Fluor by 63.8% during the 2nd 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 during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock valued at $100,092,000 after buying an additional 457,220 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Fluor during the third quarter worth about $8,165,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Fluor by 67.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company's stock valued at $2,345,000 after acquiring an additional 19,836 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Activity at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the transaction, the chief financial officer now owns 53,527 shares of the company's stock, valued at $2,676,885.27. The trade was a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas P. D'agostino sold 7,681 shares of Fluor stock in a transaction 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. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,942 shares of company stock worth $4,793,206. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on FLR. UBS Group raised their price target on shares of Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Truist Financial raised their price objective on Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. KeyCorp increased their target price on Fluor from $57.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. DA Davidson boosted their price target on shares of Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Citigroup upgraded shares of Fluor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $60.29.

Fluor Trading Down 1.4 %

Fluor stock traded down $0.78 during mid-day trading on Friday, hitting $54.64. The company's stock had a trading volume of 1,631,396 shares, compared to its average volume of 1,714,629. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.37 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 4.36 and a beta of 1.89. The stock's fifty day moving average is $53.44 and its two-hundred day moving average is $48.79.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) 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 analysts' expectations of $4.74 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Fluor Co. will post 2.62 EPS for the current year.

About Fluor

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.