74,359 Shares in Fluor Co. (NYSE:FLR) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Fluor Co. (NYSE:FLR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,359 shares of the construction company's stock, valued at approximately $3,667,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CIBC Asset Management Inc increased its holdings in Fluor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company's stock worth $235,000 after purchasing an additional 176 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Fluor by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company's stock worth $112,000 after buying an additional 213 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Fluor by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock valued at $533,000 after buying an additional 241 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Fluor by 4.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company's stock valued at $286,000 after acquiring an additional 277 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded shares of Fluor from a "hold" rating to a "buy" rating in a research note on Tuesday. Baird R W downgraded shares of Fluor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Barclays set a $40.00 target price on Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, KeyCorp increased their price target on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a research report 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, Fluor currently has a consensus rating of "Moderate Buy" and an average target price of $54.71.

Fluor Stock Performance

Shares of FLR stock traded down $1.02 during trading on Wednesday, reaching $37.72. 2,415,365 shares of the company's stock were exchanged, compared to its average volume of 1,997,800. Fluor Co. has a twelve month low of $34.01 and a twelve month high of $60.10. The firm's fifty day moving average price is $42.81 and its 200-day moving average price is $48.27. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.34 billion, a PE ratio of 3.09, a PEG ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $4.42 billion. As a group, sell-side analysts anticipate that Fluor Co. will post 2.5 EPS 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.