ProShare Advisors LLC Has $1.42 Million Stock Position in Fluor Corporation $FLR

ProShare Advisors LLC decreased its stake in shares of Fluor Corporation (NYSE:FLR) by 48.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 35,914 shares of the construction company’s stock after selling 33,968 shares during the period. ProShare Advisors LLC’s holdings in Fluor were worth $1,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLR. Assetmark Inc. lifted its position in Fluor by 249.0% during the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock worth $27,000 after buying an additional 483 shares in the last quarter. Larson Financial Group LLC lifted its position in Fluor by 6,116.7% during the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after buying an additional 734 shares in the last quarter. Banque Transatlantique SA lifted its position in Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after buying an additional 625 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Fluor during the 4th quarter worth about $52,000. Finally, CIBC Private Wealth Group LLC lifted its position in Fluor by 1,167.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,267 shares of the construction company’s stock worth $53,000 after buying an additional 1,167 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of FLR stock opened at $44.86 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market cap of $6.27 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The stock has a 50-day moving average of $47.16 and a 200-day moving average of $45.62. Fluor Corporation has a one year low of $37.62 and a one year high of $57.50.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. Fluor had a net margin of 2.30% and a return on equity of 5.90%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. As a group, sell-side analysts expect that Fluor Corporation will post 2.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLR. DA Davidson upped their price target on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. UBS Group restated a “buy” rating and set a $57.00 target price on shares of Fluor in a research report on Thursday, February 19th. Citigroup cut their target price on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Robert W. Baird upped their target price on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

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.