Fluor Co. (NYSE:FLR) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its stake in Fluor Co. (NYSE:FLR) by 35.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,064 shares of the construction company’s stock after selling 68,872 shares during the quarter. Trexquant Investment LP owned 0.07% of Fluor worth $6,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Fluor by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock worth $13,049,000 after buying an additional 7,242 shares during the period. Captrust Financial Advisors lifted its stake in Fluor by 1.8% during the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock worth $891,000 after acquiring an additional 329 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Fluor during the 3rd quarter valued at about $1,161,000. Centiva Capital LP purchased a new stake in Fluor during the third quarter worth about $426,000. Finally, HighTower Advisors LLC lifted its position in shares of Fluor by 4.1% during the third quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company’s stock worth $1,618,000 after purchasing an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FLR shares. Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. DA Davidson reduced their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Barclays set a $40.00 target price on Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. KeyCorp reduced their price target on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average price target of $51.57.

Fluor Stock Performance

Shares of FLR opened at $31.02 on Friday. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 2.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. Fluor Co. has a 52-week low of $29.75 and a 52-week high of $60.10. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $40.18 and a 200 day moving average price of $47.71.

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