Vontobel Holding Ltd. Makes New $418,000 Investment in Fluor Co. (NYSE:FLR)

Vontobel Holding Ltd. purchased a new position in shares of Fluor Co. (NYSE:FLR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,760 shares of the construction company’s stock, valued at approximately $418,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLR. Creative Planning increased its stake in shares of Fluor by 35.5% during the third quarter. Creative Planning now owns 42,001 shares of the construction company’s stock worth $2,004,000 after purchasing an additional 11,014 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Fluor by 56.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,133 shares of the construction company’s stock worth $531,000 after purchasing an additional 4,015 shares during the period. Westend Capital Management LLC raised its holdings in Fluor by 0.6% in the 3rd quarter. Westend Capital Management LLC now owns 251,699 shares of the construction company’s stock valued at $12,009,000 after buying an additional 1,602 shares during the period. Meyer Handelman Co. acquired a new position in Fluor in the third quarter valued at about $267,000. Finally, JGP Wealth Management LLC boosted its stake in Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after buying an additional 283 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $50.01, for a total transaction of $200,640.12. Following the transaction, the chief financial officer now owns 53,527 shares in the company, valued at approximately $2,676,885.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph L. Brennan sold 11,619 shares of Fluor stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $50.30, for a total value of $584,435.70. Following the completion of the sale, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on FLR. UBS Group upped their price target on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Robert W. Baird raised their target price on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. DA Davidson boosted their price target on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Truist Financial raised their price objective on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays increased their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.57.

Fluor Stock Performance

Shares of FLR stock opened at $53.67 on Wednesday. The company has a market cap of $9.19 billion, a P/E ratio of 31.20, a PEG ratio of 2.18 and a beta of 1.91. The firm has a fifty day moving average price of $48.50 and a 200 day moving average price of $45.20. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. Fluor Co. has a 12 month low of $32.31 and a 12 month high of $55.86.

Fluor (NYSE:FLR) last released its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a return on equity of 25.02% and a net margin of 2.62%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Sell-side analysts predict that Fluor Co. will post 2.88 earnings per share for the current fiscal year.

Fluor 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.