171,138 Shares in Fluor Co. (NYSE:FLR) Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Fluor Co. (NYSE:FLR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 171,138 shares of the construction company’s stock, valued at approximately $8,165,000. Caisse DE Depot ET Placement DU Quebec owned 0.10% of Fluor as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Captrust Financial Advisors lifted its position in Fluor by 1.8% during the third quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock valued at $891,000 after buying an additional 329 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Fluor by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock valued at $13,049,000 after acquiring an additional 7,242 shares during the period. Brightline Capital Management LLC boosted its position in Fluor by 24.7% during the 3rd quarter. Brightline Capital Management LLC now owns 455,000 shares of the construction company’s stock worth $21,708,000 after purchasing an additional 90,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Fluor in the 3rd quarter valued at $9,542,000. Finally, Qsemble Capital Management LP purchased a new position in Fluor in the third quarter valued at about $525,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Insider Buying and Selling

In other news, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the transaction, the chief financial officer now owns 53,527 shares of the company’s stock, valued at approximately $2,676,885.27. The trade was a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the 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 in the company, valued at approximately $8,327,158.35. This trade represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,261 shares of company stock valued at $4,360,074. Insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Fluor stock opened at $55.11 on Tuesday. The company has a fifty day moving average price of $51.96 and a two-hundred day moving average price of $47.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The company has a market cap of $9.45 billion, a PE ratio of 37.40, a P/E/G ratio of 4.39 and a beta of 1.90.

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 the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the company earned $1.02 EPS. Fluor’s revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Fluor Co. will post 2.62 earnings per share for the current year.

Analysts Set New Price Targets

FLR has been the subject of several analyst reports. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. DA Davidson increased their price objective on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial boosted their target price on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. KeyCorp lifted their price target on shares of Fluor from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their price target on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.29.

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.