Exchange Traded Concepts LLC Grows Position in Fluor Co. (NYSE:FLR)

Exchange Traded Concepts LLC lifted its holdings in Fluor Co. (NYSE:FLR - Free Report) by 291.7% in the fourth quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company's stock valued at $27,000 after purchasing an additional 527 shares during the last quarter. Quarry LP increased its position in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company's stock valued at $63,000 after acquiring an additional 942 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Fluor during the third quarter worth about $96,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Fluor in the third quarter worth about $96,000. Finally, GAMMA Investing LLC raised its position in Fluor by 130.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the construction company's stock valued at $99,000 after purchasing an additional 1,169 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Insider Buying and Selling at Fluor

In other Fluor news, insider Thomas P. D'agostino sold 7,681 shares of the company's 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 owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares of the company's stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Fluor Stock Down 15.0 %

Shares of FLR stock traded down $8.18 during trading hours on Monday, hitting $46.39. 6,043,035 shares of the company's stock traded hands, compared to its average volume of 2,638,996. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 3.83 and a beta of 1.91. The stock's fifty day simple moving average is $52.46 and its two-hundred day simple moving average is $50.37. Fluor Co. has a 12-month low of $35.04 and a 12-month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the firm posted $1.02 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that Fluor Co. will post 2.62 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FLR shares. UBS Group boosted their target price on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup raised shares of Fluor from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Robert W. Baird reaffirmed a "neutral" rating and issued a $58.00 target price (up from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, KeyCorp lifted their price objective on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Fluor currently has an average rating of "Moderate Buy" and an average target price of $60.14.

Fluor 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.