Alliancebernstein L.P. Has $152.60 Million Stock Holdings in Fluor Co. (NYSE:FLR)

Alliancebernstein L.P. grew its position in Fluor Co. (NYSE:FLR - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,093,998 shares of the construction company's stock after purchasing an additional 107,327 shares during the period. Alliancebernstein L.P. owned approximately 1.80% of Fluor worth $152,596,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Fluor in the 4th quarter worth approximately $1,968,000. O Shaughnessy Asset Management LLC boosted its position in Fluor by 9.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,351 shares of the construction company's stock worth $708,000 after acquiring an additional 1,204 shares during the period. Clearbridge Investments LLC bought a new position in shares of Fluor in the fourth quarter worth $25,056,000. Level Four Advisory Services LLC increased its holdings in shares of Fluor by 52.3% during the fourth quarter. Level Four Advisory Services LLC now owns 8,105 shares of the construction company's stock valued at $400,000 after purchasing an additional 2,785 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in shares of Fluor by 13.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 24,549 shares of the construction company's stock valued at $1,211,000 after purchasing an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Price Performance

Shares of NYSE:FLR traded down $3.26 on Thursday, reaching $33.96. 2,804,801 shares of the company traded hands, compared to its average volume of 2,085,606. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The stock has a market capitalization of $5.71 billion, a PE ratio of 2.79, a P/E/G ratio of 1.36 and a beta of 1.73. The company's 50 day moving average is $40.65 and its 200-day moving average is $47.81. Fluor Co. has a fifty-two week low of $33.53 and a fifty-two week high of $60.10.

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Fluor (NYSE:FLR - Get Free Report) last announced its 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). The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. As a group, analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Truist Financial lowered their price target on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Robert W. Baird dropped their price objective on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and an average target price of $54.29.

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.