Diversified Trust Co Increases Stock Holdings in Fluor Co. (NYSE:FLR)

Diversified Trust Co raised its stake in shares of Fluor Co. (NYSE:FLR) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,090 shares of the construction company’s stock after acquiring an additional 2,150 shares during the period. Diversified Trust Co’s holdings in Fluor were worth $1,928,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLR. Geode Capital Management LLC raised its holdings in shares of Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after purchasing an additional 51,018 shares during the last quarter. Rubric Capital Management LP increased its stake in Fluor by 23.6% in the 2nd quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after buying an additional 614,521 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Fluor by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after buying an additional 323,111 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fluor by 27.9% in 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 buying an additional 457,220 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Fluor by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock valued at $95,648,000 after acquiring an additional 9,789 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on FLR shares. DA Davidson lifted their price target on Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. KeyCorp boosted their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird restated a “neutral” rating and set a $58.00 price objective (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Finally, Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.86.

Insider Activity at Fluor

In other Fluor news, insider Mark E. Fields sold 50,000 shares of Fluor 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 owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the sale, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % 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 corporate insiders.

Fluor Price Performance

Shares of NYSE:FLR opened at $50.59 on Wednesday. The company has a 50-day moving average price of $52.97 and a two-hundred day moving average price of $49.74. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.68 billion, a PE ratio of 33.73, a P/E/G ratio of 4.27 and a beta of 1.89.

Fluor (NYSE:FLR) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Equities analysts forecast that Fluor Co. will post 2.62 EPS for the current 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.