Alyeska Investment Group L.P. Buys 1,523,647 Shares of Fluor Co. (NYSE:FLR)

Alyeska Investment Group L.P. increased its position in Fluor Co. (NYSE:FLR - Free Report) by 329.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,986,095 shares of the construction company's stock after acquiring an additional 1,523,647 shares during the quarter. Alyeska Investment Group L.P. owned about 1.16% of Fluor worth $97,954,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hood River Capital Management LLC increased its stake in Fluor by 58.4% in 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 buying an additional 719,583 shares in the last quarter. Yaupon Capital Management LP bought a new stake in Fluor during the 4th quarter valued at approximately $26,353,000. Clearbridge Investments LLC purchased a new position in Fluor in the 4th quarter worth approximately $25,056,000. Cookson Peirce & Co. Inc. bought a new position in Fluor in the 4th quarter worth approximately $24,849,000. Finally, Artemis Investment Management LLP grew its holdings in Fluor by 49.1% during 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 in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FLR. UBS Group dropped their target price on shares of Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday. StockNews.com lowered Fluor from a "buy" rating to a "hold" rating in a research report on Monday. Truist Financial lifted their target price on Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday. DA Davidson cut their price target on Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Barclays set a $40.00 price objective on Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

Fluor Trading Down 0.7 %

FLR traded down $0.26 during trading on Wednesday, reaching $34.85. The company had a trading volume of 2,538,493 shares, compared to its average volume of 2,229,368. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a 52 week low of $29.20 and a 52 week high of $60.10. The stock has a market cap of $5.86 billion, a P/E ratio of 2.86, a PEG ratio of 1.36 and a beta of 1.24. The business has a 50 day simple moving average of $35.32 and a 200-day simple moving average of $45.19.

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