Jefferies Financial Group Inc. Sells 34,578 Shares of Fluor Co. (NYSE:FLR)

Jefferies Financial Group Inc. cut its position in shares of Fluor Co. (NYSE:FLR - Free Report) by 87.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,063 shares of the construction company's stock after selling 34,578 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Fluor were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FLR. Quantbot Technologies LP acquired a new stake in shares of Fluor during the 4th quarter worth $3,667,000. Cinctive Capital Management LP acquired a new stake in Fluor during the fourth quarter worth about $1,131,000. LPL Financial LLC raised its holdings in shares of Fluor by 19.3% in the 4th quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after purchasing an additional 19,161 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Fluor in the fourth quarter valued at approximately $2,926,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Ratings Changes

FLR has been the subject of several recent research reports. Citigroup dropped their price objective on shares of Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Robert W. Baird set a $41.00 price objective on Fluor in a report on Monday, May 5th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Wall Street Zen cut Fluor from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, UBS Group decreased their price objective on Fluor from $49.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Fluor currently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Fluor Price Performance

Shares of NYSE FLR traded down $0.52 during midday trading on Wednesday, reaching $42.87. The company's stock had a trading volume of 2,938,658 shares, compared to its average volume of 2,413,612. Fluor Co. has a one year low of $29.20 and a one year high of $60.10. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 3.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $36.42 and a 200 day moving average price of $43.30.

Fluor (NYSE:FLR - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.50 by $0.23. The business 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. On average, equities research analysts expect that Fluor Co. will post 2.5 EPS 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.