Fortrea (NASDAQ:FTRE) Shares Unloaded Rep. J. French Hill

Key Points

• Rep. J. French Hill (R-Arkansas) sold between $1,001 and $15,000 in Fortrea Holdings Inc. (NASDAQ:FTRE) stock on June 23rd, disclosing the transaction in his SEP IRA account.
• Fortrea Holdings Inc. reported earnings per share of $0.02, beating analyst expectations, with revenues of $651.30 million for the quarter.
• Analysts have a consensus rating of "Hold" on FTRE stocks with an average price target of $14.00, while several have cut their target prices recently.

Representative J. French Hill (R-Arkansas) recently sold shares of Fortrea Holdings Inc. NASDAQ: FTRE. In a filing disclosed on July 24th, the Representative disclosed that they had sold between $1,001 and $15,000 in Fortrea stock on June 23rd. The trade occurred in the Representative's "MARTHA M HILL - SEP IRA" account.

Representative J. French Hill also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Loews NYSE: L on 6/23/2025.
• Purchased $50,001 - $100,000 in shares of Markel Group NYSE: MKL on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Vitesse Energy NYSE: VTS on 6/23/2025.
• Sold $50,001 - $100,000 in shares of Lazard NYSE: LAZ on 6/23/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Spectrum Brands NYSE: SPB on 6/23/2025.
• Purchased $15,001 - $50,000 in shares of Markel Group NYSE: MKL on 6/23/2025.
• Sold $15,001 - $50,000 in shares of Wells Fargo & Company NYSE: WFC on 6/23/2025.
• Sold $100,001 - $250,000 in shares of Blackstone NYSE: BX on 6/23/2025.
• Sold $15,001 - $50,000 in shares of Regions Financial NYSE: RF on 6/23/2025.

Fortrea Price Performance

Shares of FTRE stock traded up $0.29 during trading hours on Friday, reaching $6.80. 1,544,228 shares of the company were exchanged, compared to its average volume of 2,444,615. The stock's fifty day moving average is $5.07 and its two-hundred day moving average is $8.84. Fortrea Holdings Inc. has a fifty-two week low of $3.97 and a fifty-two week high of $27.99. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $615.40 million, a price-to-earnings ratio of -0.77, a P/E/G ratio of 0.44 and a beta of 1.76.

Fortrea (NASDAQ:FTRE - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.09. Fortrea had a positive return on equity of 2.84% and a negative net margin of 29.43%. The firm had revenue of $651.30 million for the quarter, compared to the consensus estimate of $609.63 million. Sell-side analysts forecast that Fortrea Holdings Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho cut their target price on shares of Fortrea from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Citigroup restated a "neutral" rating on shares of Fortrea in a report on Thursday, May 22nd. Barclays cut their price target on Fortrea from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Tuesday, May 13th. Truist Financial assumed coverage on Fortrea in a research note on Friday, May 2nd. They issued a "hold" rating and a $7.00 price target on the stock. Finally, The Goldman Sachs Group cut their target price on Fortrea from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. Based on data from MarketBeat, Fortrea has a consensus rating of "Hold" and a consensus target price of $14.00.

Hedge Funds Weigh In On Fortrea

Several institutional investors have recently modified their holdings of FTRE. GAMMA Investing LLC lifted its stake in Fortrea by 736.6% in the first quarter. GAMMA Investing LLC now owns 7,847 shares of the company's stock valued at $59,000 after buying an additional 6,909 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Fortrea by 56.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,343 shares of the company's stock valued at $122,000 after acquiring an additional 6,270 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Fortrea in the fourth quarter valued at about $300,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Fortrea in the first quarter valued at about $119,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Fortrea by 107.3% in the fourth quarter. Alliancebernstein L.P. now owns 111,845 shares of the company's stock valued at $2,086,000 after purchasing an additional 57,879 shares in the last quarter.

About Representative Hill

French Hill (Republican Party) is a member of the U.S. House, representing Arkansas' 2nd Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Hill (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 2nd Congressional District. He declared candidacy for the 2026 election. Hill is the founder and chairman of Delta Trust & Bank. He has served as senior policy advisor to President George H.W. Bush, Deputy Assistant Secretary of the U.S. Treasury and senior advisor to Governor Mike Huckabee.

Fortrea Company Profile

Fortrea Holdings Inc, a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum.