Pacer Advisors Inc. Purchases 6,769 Shares of Fluor Co. (NYSE:FLR)

Pacer Advisors Inc. boosted its stake in shares of Fluor Co. (NYSE:FLR - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,739 shares of the construction company's stock after purchasing an additional 6,769 shares during the period. Pacer Advisors Inc.'s holdings in Fluor were worth $1,565,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new position in shares of Fluor in the 3rd quarter worth approximately $39,289,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock worth $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Artemis Investment Management LLP raised its stake in 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 purchasing an additional 412,312 shares during the period. Principal Financial Group Inc. grew its holdings in Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after purchasing an additional 254,904 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Fluor in the 3rd quarter worth approximately $9,542,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson raised their price objective on Fluor from $58.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Robert W. Baird reissued a "neutral" rating and issued a $58.00 price target (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Truist Financial cut their price target on Fluor from $66.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Citigroup cut their price objective on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, UBS Group increased their price target on Fluor from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.29.

Insider Activity at Fluor

In other news, insider Thomas P. D'agostino sold 7,681 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $2,831,500.00. Following the completion of the transaction, the insider now directly owns 147,045 shares of the company's stock, valued at approximately $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 currently owned by insiders.

Fluor Price Performance

FLR stock traded up $0.13 on Wednesday, reaching $47.77. The company had a trading volume of 2,440,932 shares, compared to its average volume of 2,639,736. The company's fifty day moving average is $51.35 and its 200 day moving average is $50.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a market cap of $8.19 billion, a P/E ratio of 31.84, a PEG ratio of 3.40 and a beta of 1.89.

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

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.