Fluor Co. (NYSE:FLR) Shares Bought by Aequim Alternative Investments LP

Aequim Alternative Investments LP raised its position in Fluor Co. (NYSE:FLR) by 6.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 742,760 shares of the construction company’s stock after acquiring an additional 41,800 shares during the period. Fluor makes up 1.2% of Aequim Alternative Investments LP’s investment portfolio, making the stock its 28th largest holding. Aequim Alternative Investments LP’s holdings in Fluor were worth $35,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of Fluor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after purchasing an additional 176 shares in the last quarter. Seelaus Asset Management LLC boosted its holdings in shares of Fluor by 3.7% during the third quarter. Seelaus Asset Management LLC now owns 6,445 shares of the construction company’s stock worth $307,000 after purchasing an additional 230 shares during the last quarter. ClariVest Asset Management LLC grew its position in shares of Fluor by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock valued at $3,379,000 after purchasing an additional 233 shares during the period. Xponance Inc. increased its stake in shares of 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 during the last quarter. Finally, JGP Wealth Management LLC increased its position in Fluor by 5.6% during the third quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock worth $253,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Analyst Upgrades and Downgrades

FLR has been the topic of a number of research reports. Truist Financial raised their price objective on Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group raised their price objective on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp increased their target price on Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Citigroup raised Fluor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $65.00 in a research report on Tuesday, October 22nd. Finally, DA Davidson increased their price objective on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.29.

Fluor Price Performance

FLR stock opened at $55.27 on Tuesday. The company has a market capitalization of $9.48 billion, a PE ratio of 36.85, a P/E/G ratio of 4.36 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $52.98 and its two-hundred day moving average is $48.60. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.25). The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.74 billion. Fluor had a net margin of 1.64% and a return on equity of 20.05%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. Analysts predict that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the completion of the transaction, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. This represents a 5.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the transaction, the insider now directly owns 147,045 shares of the company’s stock, valued at approximately $8,327,158.35. The trade was a 25.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,942 shares of company stock valued at $4,793,206 in the last quarter. Insiders own 1.70% of the company’s stock.

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.