OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Fluor Co. (NYSE:FLR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Fluor Co. (NYSE:FLR - Free Report) by 39.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,130 shares of the construction company's stock after selling 67,810 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Fluor worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of FLR. Cornerstone Wealth Management LLC purchased a new stake in shares of Fluor in the 4th quarter valued at $484,000. Quantbot Technologies LP purchased a new stake in Fluor in the fourth quarter valued at $3,667,000. Exchange Traded Concepts LLC raised its stake in shares of Fluor by 291.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock valued at $2,151,000 after buying an additional 32,472 shares during the last quarter. Cinctive Capital Management LP acquired a new position in shares of Fluor in the 4th quarter valued at about $1,131,000. Finally, LPL Financial LLC boosted its stake in shares of Fluor by 19.3% in the fourth quarter. LPL Financial LLC now owns 118,652 shares of the construction company's stock worth $5,852,000 after buying an additional 19,161 shares during the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLR has been the subject of several recent research reports. StockNews.com cut Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Barclays set a $40.00 target price on shares of Fluor and gave the company an "equal weight" rating in a report on Thursday, February 27th. Citigroup lowered their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, April 25th. KeyCorp cut their price objective on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Finally, Robert W. Baird set a $41.00 target price on shares of Fluor in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Fluor has an average rating of "Moderate Buy" and an average price target of $45.43.

Fluor Stock Down 0.1%

FLR traded down $0.05 on Friday, hitting $38.48. 2,258,361 shares of the company were exchanged, compared to its average volume of 2,277,871. 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 market cap of $6.34 billion, a price-to-earnings ratio of 3.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The firm has a 50-day moving average price of $35.42 and a two-hundred day moving average price of $44.47. Fluor Co. has a twelve month low of $29.20 and a twelve month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

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.