Canada Pension Plan Investment Board Has $4.50 Million Stake in Fluor Co. (NYSE:FLR)

Canada Pension Plan Investment Board decreased its position in Fluor Co. (NYSE:FLR - Free Report) by 36.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 91,300 shares of the construction company's stock after selling 53,200 shares during the period. Canada Pension Plan Investment Board owned about 0.05% of Fluor worth $4,503,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Clearbridge Investments LLC purchased a new position in Fluor during the fourth quarter worth about $25,056,000. Cookson Peirce & Co. Inc. purchased a new stake in Fluor during the fourth quarter worth approximately $24,849,000. Artemis Investment Management LLP grew its stake in Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock worth $61,792,000 after buying an additional 412,312 shares during the period. Raymond James Financial Inc. purchased a new stake in Fluor during the fourth quarter worth approximately $13,130,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Fluor by 42.1% in the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after purchasing an additional 254,904 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Wall Street Analysts Forecast Growth

FLR has been the topic of a number of research analyst reports. Truist Financial reduced their price objective on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup dropped their target price on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an "equal weight" rating in a report on Thursday, February 27th. StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, KeyCorp dropped their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $45.57.

Fluor Stock Down 1.5 %

Shares of Fluor stock traded down $0.55 on Monday, hitting $35.01. 2,758,642 shares of the company traded hands, compared to its average volume of 2,196,789. The company has a 50-day moving average price of $35.62 and a 200 day moving average price of $45.88. 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 12-month low of $29.20 and a 12-month high of $60.10. The company has a market cap of $5.88 billion, a PE ratio of 2.87, a PEG ratio of 1.36 and a beta of 1.66.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Sell-side analysts predict that Fluor Co. will post 2.5 earnings per share 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.