Canada Pension Plan Investment Board Sells 53,200 Shares of Fluor Co. (NYSE:FLR)

Canada Pension Plan Investment Board reduced its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,300 shares of the construction company's stock after selling 53,200 shares during the quarter. Canada Pension Plan Investment Board owned 0.05% of Fluor worth $4,503,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Fluor during the third quarter valued at approximately $598,000. Sanctuary Advisors LLC lifted its position in shares of Fluor by 18.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,820 shares of the construction company's stock valued at $278,000 after acquiring an additional 897 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fluor in the 3rd quarter valued at approximately $96,000. Cim Investment Management Inc. bought a new position in Fluor in the third quarter valued at about $391,000. Finally, Birmingham Capital Management Co. Inc. AL bought a new position in shares of Fluor during the third quarter valued at $202,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of NYSE:FLR traded down $0.06 on Friday, hitting $35.54. The company had a trading volume of 2,320,986 shares, compared to its average volume of 2,188,721. The company has a market cap of $5.97 billion, a PE ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66. 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 has a 50 day moving average of $35.72 and a 200 day moving average of $46.05. Fluor Co. has a 52-week low of $29.20 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion for 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, equities analysts anticipate that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FLR. UBS Group cut their target price on Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Truist Financial reduced their price target on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Robert W. Baird decreased their price objective on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.57.

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.