Fluor Co. (NYSE:FLR) is Decade Renewable Partners LP's 10th Largest Position

Decade Renewable Partners LP increased its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 737.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,788 shares of the construction company's stock after acquiring an additional 155,688 shares during the period. Fluor makes up about 4.3% of Decade Renewable Partners LP's holdings, making the stock its 10th biggest position. Decade Renewable Partners LP owned 0.10% of Fluor worth $8,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Cornerstone Wealth Management LLC bought a new position in shares of Fluor during the fourth quarter valued at about $484,000. Quantbot Technologies LP purchased a new position in shares of Fluor in the 4th quarter valued at approximately $3,667,000. Exchange Traded Concepts LLC grew its position in shares of Fluor by 291.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after buying an additional 32,472 shares during the period. Cinctive Capital Management LP purchased a new position in shares of Fluor during the fourth quarter valued at approximately $1,131,000. Finally, LPL Financial LLC boosted its holdings in Fluor by 19.3% in the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after acquiring an additional 19,161 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FLR has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Truist Financial decreased their price objective on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their target price on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday. Finally, Robert W. Baird cut their price objective on Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.57.

Fluor Stock Performance

FLR opened at $35.54 on Monday. The firm has a market cap of $5.97 billion, a P/E ratio of 2.92, a PEG ratio of 1.36 and a beta of 1.66. 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 company has a 50 day simple moving average of $35.72 and a two-hundred day simple moving average of $45.99. Fluor Co. has a 1-year low of $29.20 and a 1-year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Equities analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

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.

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