Quantbot Technologies LP Invests $1.40 Million in Fluor Corporation $FLR

Quantbot Technologies LP purchased a new position in shares of Fluor Corporation (NYSE:FLR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,675 shares of the construction company’s stock, valued at approximately $1,398,000.

Several other institutional investors have also added to or reduced their stakes in FLR. Global Retirement Partners LLC acquired a new stake in shares of Fluor in the 2nd quarter valued at $25,000. Assetmark Inc. raised its holdings in shares of 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. Los Angeles Capital Management LLC bought a new stake in shares of Fluor during the 4th quarter worth $27,000. Larson Financial Group LLC boosted its stake in Fluor by 6,116.7% in the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after buying an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Fluor during the fourth quarter worth about $35,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Pierre Edward Bechelany sold 5,000 shares of the stock in a transaction 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. This represents a 12.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is owned by insiders.

Fluor Stock Up 0.1%

Shares of NYSE FLR opened at $51.34 on Wednesday. Fluor Corporation has a 1 year low of $39.33 and a 1 year high of $57.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market cap of $6.87 billion, a PE ratio of -4.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. The company has a 50 day simple moving average of $51.57 and a 200 day simple moving average of $49.11.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Fluor had a negative net margin of 12.85% and a positive return on equity of 8.82%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, research analysts forecast that Fluor Corporation will post 2.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FLR shares. Robert W. Baird raised their price target on shares of Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Fluor from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Truist Financial restated a “buy” rating and issued a $71.00 target price (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. Citigroup upped their price target on shares of Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, UBS Group increased their price target on Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.33.

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.