Anchor Capital Advisors LLC Sells 76,437 Shares of Fluor Co. (NYSE:FLR)

Anchor Capital Advisors LLC lessened its holdings in shares of Fluor Co. (NYSE:FLR) by 6.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,030,635 shares of the construction company’s stock after selling 76,437 shares during the period. Fluor comprises approximately 1.4% of Anchor Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Anchor Capital Advisors LLC’s holdings in Fluor were worth $50,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Fluor during the fourth quarter worth $33,000. Quarry LP lifted its position in Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after acquiring an additional 942 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock worth $77,000 after purchasing an additional 1,388 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Fluor during the 3rd quarter worth about $96,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fluor

In related news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares in the company, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FLR has been the topic of a number of research reports. KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Citigroup decreased their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird cut their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Trading Down 1.0 %

Shares of Fluor stock opened at $37.32 on Friday. The stock has a market cap of $6.30 billion, a P/E ratio of 3.06, a P/E/G ratio of 1.36 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. Fluor Co. has a 12-month low of $35.79 and a 12-month high of $60.10. The business’s 50 day moving average is $47.47 and its 200-day moving average is $49.72.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Equities research analysts predict that Fluor Co. will post 2.5 earnings per share 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.