GSA Capital Partners LLP Invests $921,000 in Fluor Corporation $FLR

GSA Capital Partners LLP purchased a new position in Fluor Corporation (NYSE:FLR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,584 shares of the construction company’s stock, valued at approximately $921,000.

Several other institutional investors also recently bought and sold shares of FLR. NewEdge Advisors LLC lifted its position in Fluor by 40.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,077 shares of the construction company’s stock valued at $361,000 after acquiring an additional 2,896 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Fluor by 337.7% in the first quarter. Jones Financial Companies Lllp now owns 16,389 shares of the construction company’s stock valued at $587,000 after acquiring an additional 12,645 shares during the period. Caxton Associates LLP purchased a new stake in Fluor during the first quarter valued at approximately $266,000. Acadian Asset Management LLC bought a new position in shares of Fluor in the first quarter worth about $54,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fluor

In other news, insider Pierre Edward Bechelany sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $55.24, for a total value of $276,200.00. Following the completion of the sale, the insider directly owned 36,064 shares in the company, valued at $1,992,175.36. The trade was a 12.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Fluor from $56.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, August 10th. UBS Group lifted their price objective on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Barclays boosted their target price on shares of Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Fluor from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Fluor presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.33.

Fluor Stock Down 2.5%

Shares of NYSE FLR opened at $53.38 on Wednesday. Fluor Corporation has a 52-week low of $39.33 and a 52-week high of $57.93. The stock has a 50 day moving average price of $51.32 and a 200 day moving average price of $48.90. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of -4.35, a PEG ratio of 1.64 and a beta of 1.25. 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) last released its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the business earned $0.43 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts expect that Fluor Corporation will post 2.66 earnings per share for the current year.

Fluor Profile

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.