Fluor Co. (NYSE:FLR) Stock Holdings Lifted by Aequim Alternative Investments LP

Aequim Alternative Investments LP increased its position in Fluor Co. (NYSE:FLR - Free Report) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 742,760 shares of the construction company's stock after purchasing an additional 41,800 shares during the quarter. Fluor accounts for 1.2% of Aequim Alternative Investments LP's portfolio, making the stock its 28th largest position. Aequim Alternative Investments LP owned 0.43% of Fluor worth $35,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of Fluor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company's stock valued at $235,000 after acquiring an additional 176 shares during the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Fluor by 3.7% during the third quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company's stock worth $307,000 after purchasing an additional 230 shares during the period. ClariVest Asset Management LLC lifted its position in shares of Fluor by 0.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company's stock worth $3,379,000 after buying an additional 233 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company's stock valued at $1,006,000 after buying an additional 265 shares during the period. Finally, JGP Wealth Management LLC raised its holdings in shares of Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company's stock valued at $253,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FLR. UBS Group raised their target price on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. DA Davidson lifted their price objective on shares of Fluor from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Truist Financial increased their target price on shares of Fluor from $61.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. KeyCorp upped their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Citigroup raised Fluor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $52.00 to $65.00 in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.29.

Insiders Place Their Bets

In other news, CFO Joseph L. Brennan sold 15,335 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $47.57, for a total value of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares of the company's stock, valued at $2,751,163.38. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the sale, the insider now directly owns 147,045 shares of the company's stock, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,942 shares of company stock worth $4,793,206 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Fluor Price Performance

Fluor stock traded down $0.07 during mid-day trading on Tuesday, hitting $55.19. The company's stock had a trading volume of 1,548,039 shares, compared to its average volume of 1,715,586. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The stock's fifty day moving average price is $52.98 and its two-hundred day moving average price is $48.60. The stock has a market capitalization of $9.47 billion, a P/E ratio of 36.85, a P/E/G ratio of 4.36 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48.

Fluor (NYSE:FLR - Get Free Report) last announced its earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the firm earned $1.02 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts forecast that Fluor Co. will post 2.62 earnings per share for the current 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.