Boston Partners Trims Holdings in Fluor Co. (NYSE:FLR)

Boston Partners lessened its holdings in Fluor Co. (NYSE:FLR - Free Report) by 36.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,301 shares of the construction company's stock after selling 14,969 shares during the period. Boston Partners' holdings in Fluor were worth $1,297,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its holdings in Fluor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company's stock valued at $190,953,000 after buying an additional 51,018 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fluor by 27.9% during the 3rd 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. Artemis Investment Management LLP grew its holdings in shares of Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after buying an additional 412,312 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Fluor by 13.1% during the fourth 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 during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Fluor by 24.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 973,753 shares of the construction company's stock worth $46,458,000 after acquiring an additional 193,071 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have weighed in on FLR shares. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Barclays set a $40.00 price target on Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Truist Financial dropped their price objective on shares of Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. DA Davidson lowered their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, KeyCorp increased their price target on shares of Fluor from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Three 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 currently has a consensus rating of "Moderate Buy" and an average price target of $54.71.

Fluor Stock Down 2.6 %

Fluor stock traded down $1.02 during trading on Wednesday, reaching $37.72. 2,400,365 shares of the company's stock were exchanged, compared to its average volume of 1,997,800. The company's 50-day moving average is $42.81 and its two-hundred day moving average is $48.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor Co. has a 52-week low of $34.01 and a 52-week high of $60.10. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73.

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