Pacer Advisors Inc. Grows Stock Holdings in Fluor Co. (NYSE:FLR)

Pacer Advisors Inc. increased its stake in Fluor Co. (NYSE:FLRFree Report) by 113.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,609 shares of the construction company’s stock after acquiring an additional 13,618 shares during the period. Pacer Advisors Inc.’s holdings in Fluor were worth $1,003,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FLR. Millennium Management LLC lifted its position in Fluor by 1,236.0% in the fourth quarter. Millennium Management LLC now owns 1,478,219 shares of the construction company’s stock worth $51,235,000 after buying an additional 1,608,347 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Fluor by 453.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,833,384 shares of the construction company’s stock worth $45,633,000 after purchasing an additional 1,502,349 shares during the period. Renaissance Technologies LLC grew its holdings in Fluor by 245.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,650,300 shares of the construction company’s stock valued at $51,011,000 after purchasing an additional 1,173,000 shares during the last quarter. BlackRock Inc. raised its position in Fluor by 7.0% in the 2nd quarter. BlackRock Inc. now owns 17,325,028 shares of the construction company’s stock worth $512,821,000 after purchasing an additional 1,137,400 shares during the period. Finally, Mackay Shields LLC purchased a new position in shares of Fluor during the third quarter valued at approximately $31,143,000. 88.07% of the stock is owned by institutional investors.

Fluor Price Performance

NYSE FLR opened at $41.50 on Wednesday. The company has a market cap of $7.06 billion, a PE ratio of 74.11, a P/E/G ratio of 3.35 and a beta of 2.12. The firm’s 50 day moving average price is $38.94 and its 200-day moving average price is $37.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. Fluor Co. has a 52-week low of $25.69 and a 52-week high of $43.24.

Fluor (NYSE:FLRGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts forecast that Fluor Co. will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FLR shares. Truist Financial restated a “buy” rating and set a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. KeyCorp initiated coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Citigroup lifted their price objective on shares of Fluor from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, TheStreet downgraded shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Fluor presently has a consensus rating of “Hold” and an average target price of $42.83.

View Our Latest Stock Analysis on FLR

Fluor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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