Rockefeller Capital Management L.P. Has $3.74 Million Stake in Fluor Co. (NYSE:FLR)

Rockefeller Capital Management L.P. lessened its stake in Fluor Co. (NYSE:FLR - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,398 shares of the construction company's stock after selling 9,114 shares during the period. Rockefeller Capital Management L.P.'s holdings in Fluor were worth $3,740,000 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 company. Los Angeles Capital Management LLC lifted its position in shares of Fluor by 139.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock worth $819,000 after acquiring an additional 9,992 shares during the period. AQR Capital Management LLC increased its holdings in Fluor by 63.8% in the 2nd quarter. AQR Capital Management LLC now owns 570,368 shares of the construction company's stock valued at $24,771,000 after buying an additional 222,070 shares during the period. Cetera Advisors LLC acquired a new position in shares of Fluor in the 1st quarter valued at $713,000. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 457,220 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in Fluor by 67.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,152 shares of the construction company's stock worth $2,345,000 after purchasing an additional 19,836 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Fluor news, insider Mark E. Fields sold 50,000 shares of the business's 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joseph L. Brennan sold 15,335 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the transaction, the chief financial officer now directly owns 57,834 shares in the company, valued at $2,751,163.38. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,942 shares of company stock valued at $4,793,206. 1.70% of the stock is currently owned by corporate insiders.

Fluor Price Performance

Shares of Fluor stock traded down $0.18 during trading on Friday, reaching $55.79. The company's stock had a trading volume of 1,419,335 shares, compared to its average volume of 1,720,907. The stock has a 50-day moving average price of $52.68 and a two-hundred day moving average price of $48.27. The stock has a market capitalization of $9.57 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 4.27 and a beta of 1.89. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. Fluor Co. has a one year low of $35.04 and a one year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last announced 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). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Fluor Co. will post 2.62 EPS for the current fiscal year.

About Fluor

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.