Camelot Portfolios LLC Decreases Stock Holdings in Fluor Co. (NYSE:FLR)

Camelot Portfolios LLC decreased its holdings in Fluor Co. (NYSE:FLR - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,220 shares of the construction company's stock after selling 9,080 shares during the quarter. Fluor accounts for about 1.1% of Camelot Portfolios LLC's investment portfolio, making the stock its 26th largest position. Camelot Portfolios LLC's holdings in Fluor were worth $997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC grew its stake in Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock valued at $190,953,000 after acquiring an additional 51,018 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after purchasing an additional 457,220 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Fluor by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company's stock worth $95,648,000 after buying an additional 9,789 shares in the last quarter. Artemis Investment Management LLP boosted its stake in Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after buying an additional 412,312 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in Fluor by 13.1% during the 4th quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company's stock valued at $51,322,000 after buying an additional 120,800 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Trading Up 2.4 %

FLR traded up $0.88 during trading hours on Wednesday, reaching $37.69. 3,442,487 shares of the company's stock traded hands, compared to its average volume of 3,267,427. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $47.98 and a 200 day moving average price of $49.90. Fluor Co. has a 52-week low of $35.33 and a 52-week high of $60.10. The firm has a market capitalization of $6.36 billion, a PE ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.89.

Fluor (NYSE:FLR - Get Free Report) 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). The company had revenue of $4.26 billion during 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%. As a group, sell-side analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal year.

Insider Activity

In other Fluor news, insider Thomas P. D'agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the transaction, the insider now directly owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

FLR has been the subject of a number of recent research reports. Baird R W lowered shares of Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. DA Davidson decreased their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Citigroup dropped their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, Robert W. Baird decreased their price target on Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $55.43.

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.