Stanley Laman Group Ltd. Sells 10,457 Shares of Fluor Co. (NYSE:FLR)

Stanley Laman Group Ltd. trimmed its holdings in Fluor Co. (NYSE:FLR) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,544 shares of the construction company’s stock after selling 10,457 shares during the quarter. Fluor makes up approximately 0.8% of Stanley Laman Group Ltd.’s holdings, making the stock its 29th biggest position. Stanley Laman Group Ltd. owned 0.07% of Fluor worth $5,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new stake in Fluor during the 4th quarter valued at $484,000. Exchange Traded Concepts LLC increased its stake in shares of Fluor by 291.7% during the fourth 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 period. Aequim Alternative Investments LP boosted its position in Fluor by 6.0% during the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock valued at $35,437,000 after purchasing an additional 41,800 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock valued at $819,000 after purchasing an additional 9,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after purchasing an additional 457,220 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Mark E. Fields sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.63, for a total value of $2,831,500.00. Following the completion of the transaction, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now owns 137,974 shares of the company’s stock, valued at $7,780,353.86. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Fluor Stock Down 3.1 %

Fluor stock opened at $46.37 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. Fluor Co. has a 1-year low of $35.04 and a 1-year high of $60.10. The company has a market cap of $7.95 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 3.45 and a beta of 1.89. The stock’s 50 day moving average price is $50.65 and its 200 day moving average price is $50.33.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird reissued a “neutral” rating and issued a $58.00 price target (up previously from $54.00) on shares of Fluor in a report on Wednesday, December 18th. DA Davidson lifted their price target on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial cut their price objective on Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Citigroup lowered their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group boosted their price objective on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.29.

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.