GTS Securities LLC Sells 107,343 Shares of Fluor Co. (NYSE:FLR)

GTS Securities LLC cut its holdings in Fluor Co. (NYSE:FLR - Free Report) by 87.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,633 shares of the construction company's stock after selling 107,343 shares during the quarter. GTS Securities LLC's holdings in Fluor were worth $771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Sterling Capital Management LLC grew its position in shares of Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company's stock worth $30,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Fluor in the fourth quarter valued at $33,000. Smartleaf Asset Management LLC increased its position in Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the period. 1620 Investment Advisors Inc. bought a new position in Fluor in the 4th quarter worth $57,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company's stock worth $77,000 after purchasing an additional 1,388 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Performance

Shares of FLR traded down $0.23 on Thursday, reaching $42.21. The company's stock had a trading volume of 4,625,574 shares, compared to its average volume of 2,379,156. The stock's 50 day simple moving average is $35.97 and its two-hundred day simple moving average is $43.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The stock has a market capitalization of $6.95 billion, a P/E ratio of 3.46, a PEG ratio of 1.36 and a beta of 1.24. Fluor Co. has a 12-month low of $29.20 and a 12-month high of $60.10.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. KeyCorp dropped their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Wall Street Zen cut shares of Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. UBS Group lowered their price objective on shares of Fluor from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson cut their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.43.

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.