Fluor Co. (NYSE:FLR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in Fluor Co. (NYSE:FLR - Free Report) by 65.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,509,451 shares of the construction company's stock after selling 20,237,107 shares during the period. Wellington Management Group LLP owned approximately 6.25% of Fluor worth $518,326,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FLR. GAMMA Investing LLC increased its position 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 acquiring an additional 213 shares during the period. Nisa Investment Advisors LLC grew its stake in Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock worth $533,000 after purchasing an additional 241 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Fluor by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company's stock worth $256,000 after purchasing an additional 264 shares during the period. Coldstream Capital Management Inc. raised its position 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 purchasing an additional 277 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after buying an additional 287 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Baird R W cut shares of Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Robert W. Baird reduced their price objective on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday. Citigroup lowered their target price on shares of Fluor from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. DA Davidson cut their price target on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, KeyCorp upped their price objective on Fluor from $59.00 to $60.00 and gave the stock 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.29.

Fluor Stock Performance

FLR stock traded down $3.26 on Thursday, hitting $33.96. The company's stock had a trading volume of 2,804,801 shares, compared to its average volume of 2,082,709. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 2.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The firm has a 50 day moving average of $41.08 and a two-hundred day moving average of $47.91. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor Co. has a 1 year low of $33.53 and a 1 year high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Equities analysts predict that Fluor Co. will post 2.5 EPS for the current fiscal 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.