American Trust Investment Advisors LLC Has $7.55 Million Stock Position in Fluor Co. (NYSE:FLR)

American Trust Investment Advisors LLC lessened its holdings in Fluor Co. (NYSE:FLR - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,694 shares of the construction company's stock after selling 32,641 shares during the quarter. Fluor accounts for 3.9% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 3rd biggest position. American Trust Investment Advisors LLC owned 0.11% of Fluor worth $7,548,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FLR. Millennium Management LLC raised its position in Fluor by 1,236.0% in the 4th quarter. Millennium Management LLC now owns 1,478,219 shares of the construction company's stock worth $51,235,000 after purchasing an additional 1,608,347 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Fluor by 453.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,833,384 shares of the construction company's stock valued at $45,633,000 after purchasing an additional 1,502,349 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Fluor by 245.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,650,300 shares of the construction company's stock valued at $51,011,000 after purchasing an additional 1,173,000 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Fluor by 7.0% during the 2nd quarter. BlackRock Inc. now owns 17,325,028 shares of the construction company's stock valued at $512,821,000 after purchasing an additional 1,137,400 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in Fluor during the third quarter worth about $31,143,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

Fluor Stock Up 1.7 %

Fluor stock traded up $0.71 during trading hours on Friday, hitting $42.41. The stock had a trading volume of 1,056,658 shares, compared to its average volume of 1,460,877. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $7.22 billion, a P/E ratio of 75.73, a price-to-earnings-growth ratio of 3.30 and a beta of 2.12. Fluor Co. has a 12-month low of $25.69 and a 12-month high of $43.24. The stock's 50-day moving average price is $39.19 and its 200-day moving average price is $37.84.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $4.11 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Fluor Co. will post 2.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on FLR. Citigroup boosted their price objective on shares of Fluor from $44.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. TheStreet lowered shares of Fluor from a "b-" rating to a "c" rating in a research note on Wednesday, February 21st. Truist Financial reissued a "buy" rating and set a $46.00 price objective on shares of Fluor in a research note on Monday, March 25th. Finally, KeyCorp assumed coverage on shares of Fluor in a research note on Wednesday, January 10th. They set a "sector weight" rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $42.83.

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.