8,760 Shares in Fluor Co. (NYSE:FLR) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new position in shares of Fluor Co. (NYSE:FLR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,760 shares of the construction company’s stock, valued at approximately $418,000.

Several other large investors also recently made changes to their positions in the company. ClariVest Asset Management LLC raised its holdings in shares of Fluor by 0.3% in the 2nd quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after acquiring an additional 233 shares during the last quarter. Xponance Inc. lifted its stake in Fluor by 1.2% during the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock valued at $1,006,000 after acquiring an additional 265 shares in the last quarter. JGP Wealth Management LLC boosted its holdings in Fluor by 5.6% during the 3rd quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after acquiring an additional 283 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after acquiring an additional 285 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Fluor by 0.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after purchasing an additional 286 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Stock Down 0.4 %

FLR stock opened at $53.67 on Wednesday. Fluor Co. has a 1-year low of $32.31 and a 1-year high of $55.86. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 2.18 and a beta of 1.91. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $48.50 and its 200 day moving average is $45.20.

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

Insider Buying and Selling at Fluor

In related news, CFO Joseph L. Brennan sold 4,012 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO John C. Regan sold 13,000 shares of the 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 completion of the sale, the chief accounting officer now owns 55,965 shares in the company, valued at approximately $2,703,669.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph L. Brennan sold 4,012 shares of Fluor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,261 shares of company stock worth $2,156,604. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FLR has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Fluor from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays lifted their target price on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. KeyCorp upgraded shares of Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price target for the company in a research report on Wednesday, July 17th. Truist Financial increased their target price on shares of Fluor from $61.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, DA Davidson upped their price target on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $56.57.

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.