Algert Global LLC Has $746,000 Holdings in Fluor Co. (NYSE:FLR)

Algert Global LLC lifted its holdings in shares of Fluor Co. (NYSE:FLR) by 182.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,140 shares of the construction company’s stock after buying an additional 11,080 shares during the quarter. Algert Global LLC’s holdings in Fluor were worth $746,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FLR. Vanguard Group Inc. grew its holdings in Fluor by 18.6% during the 4th quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock worth $668,278,000 after acquiring an additional 2,670,473 shares during the period. Hood River Capital Management LLC bought a new stake in Fluor in the second quarter valued at about $47,559,000. Rubric Capital Management LP lifted its stake in Fluor by 23.6% in the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after buying an additional 614,521 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Fluor by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after buying an additional 323,111 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its stake in shares of Fluor by 2,441.9% in the 2nd quarter. Great Lakes Advisors LLC now owns 282,655 shares of the construction company’s stock valued at $12,310,000 after acquiring an additional 271,535 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO John C. Regan sold 13,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $48.31, for a total transaction of $628,030.00. Following the sale, the chief accounting officer now owns 55,965 shares in the company, valued at approximately $2,703,669.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the transaction, the chief accounting officer now directly owns 55,965 shares in the company, valued at approximately $2,703,669.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph L. Brennan sold 15,335 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $729,485.95. Following the completion of the sale, the chief financial officer now owns 57,834 shares of the company’s stock, valued at approximately $2,751,163.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,630 shares of company stock worth $1,371,528 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FLR shares. DA Davidson lifted their price objective on shares of Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Robert W. Baird boosted their price target on shares of Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 5th. UBS Group lifted their target price on Fluor from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Barclays increased their price target on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, KeyCorp upgraded Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective for the company in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Fluor Stock Up 1.9 %

NYSE:FLR opened at $49.97 on Friday. The stock has a 50-day simple moving average of $47.52 and a 200 day simple moving average of $44.32. Fluor Co. has a 52-week low of $32.31 and a 52-week high of $51.64. The company has a market cap of $8.55 billion, a PE ratio of 29.05, a PEG ratio of 2.02 and a beta of 1.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.77 and a current ratio of 1.77.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. Fluor had a net margin of 2.62% and a return on equity of 25.02%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Fluor Co. will post 2.88 EPS for the current fiscal year.

Fluor Profile

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.