UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Fluor Corporation (NYSE:FLR - Free Report) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,057 shares of the construction company's stock after selling 51,611 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Fluor worth $11,319,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Seelaus Asset Management LLC grew its stake in shares of Fluor by 2.9% in the 4th quarter. Seelaus Asset Management LLC now owns 8,790 shares of the construction company's stock valued at $348,000 after purchasing an additional 245 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Fluor by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company's stock valued at $194,000 after buying an additional 248 shares in the last quarter. Global Retirement Partners LLC raised its stake in Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company's stock worth $26,000 after acquiring an additional 311 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Fluor by 16.4% during the first quarter. Parallel Advisors LLC now owns 2,667 shares of the construction company's stock valued at $124,000 after acquiring an additional 375 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Fluor by 18.7% in the 4th quarter. UMB Bank n.a. now owns 2,438 shares of the construction company's stock worth $97,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 88.07% of the company's stock.
Insiders Place Their Bets
In other news, insider Pierre Bechelany sold 5,000 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.24, for a total value of $276,200.00. Following the transaction, the insider owned 36,064 shares of the company's stock, valued at approximately $1,992,175.36. This trade represents a 12.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.70% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FLR shares. Barclays boosted their price target on shares of Fluor from $40.00 to $50.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Citigroup increased their price target on Fluor from $56.00 to $68.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Robert W. Baird boosted their price objective on Fluor from $49.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Zacks Research upgraded Fluor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Truist Financial reiterated a "buy" rating and set a $71.00 price target (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fluor has a consensus rating of "Hold" and a consensus target price of $63.33.
Get Our Latest Stock Analysis on Fluor
Fluor Stock Down 0.0%
Shares of FLR opened at $56.15 on Monday. The business's fifty day moving average price is $51.84 and its two-hundred day moving average price is $49.59. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of -4.57, a PEG ratio of 1.76 and a beta of 1.26. Fluor Corporation has a 52 week low of $39.33 and a 52 week high of $58.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 1.80.
Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.21. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.92 billion. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%.The firm's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts predict that Fluor Corporation will post 2.66 earnings per share for the current year.
Fluor Company Profile
(
Free Report)
Fluor Corporation NYSE: FLR is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company's core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor's diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.
Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.
Further Reading
Want to see what other hedge funds are holding FLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fluor Corporation (NYSE:FLR - Free Report).
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