Aequim Alternative Investments LP Grows Position in Fluor Co. (NYSE:FLR)

Aequim Alternative Investments LP lifted its position in Fluor Co. (NYSE:FLR - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 813,350 shares of the construction company's stock after acquiring an additional 70,590 shares during the period. Aequim Alternative Investments LP owned 0.47% of Fluor worth $40,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Hood River Capital Management LLC lifted its stake in Fluor by 58.4% during the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company's stock worth $96,285,000 after acquiring an additional 719,583 shares in the last quarter. Yaupon Capital Management LP purchased a new position in shares of Fluor in the fourth quarter valued at approximately $26,353,000. Clearbridge Investments LLC purchased a new stake in Fluor during the 4th quarter worth approximately $25,056,000. Cookson Peirce & Co. Inc. acquired a new stake in Fluor during the 4th quarter worth approximately $24,849,000. Finally, Artemis Investment Management LLP boosted its position in Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after buying an additional 412,312 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson decreased their target price on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Citigroup dropped their target price on Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Truist Financial raised their price objective on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday. Finally, Barclays set a $40.00 target price on Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.43.

Fluor Price Performance

Shares of FLR traded up $1.25 during mid-day trading on Thursday, hitting $36.06. The company's stock had a trading volume of 569,959 shares, compared to its average volume of 2,224,832. 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 $29.20 and a 1-year high of $60.10. The firm has a market capitalization of $6.06 billion, a P/E ratio of 2.96, a P/E/G ratio of 1.36 and a beta of 1.24. The firm has a 50-day simple moving average of $35.26 and a 200 day simple moving average of $45.11.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.23. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Analysts predict that Fluor Co. will post 2.5 EPS 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.