Aster Capital Management DIFC Ltd Has $388,000 Stock Holdings in Fluor Co. (NYSE:FLR)

Aster Capital Management DIFC Ltd boosted its stake in shares of Fluor Co. (NYSE:FLR) by 78.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,869 shares of the construction company’s stock after acquiring an additional 3,447 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Fluor were worth $388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC bought a new stake in shares of Fluor during the fourth quarter valued at approximately $25,056,000. Cookson Peirce & Co. Inc. bought a new position in Fluor in the 4th quarter valued at $24,849,000. Artemis Investment Management LLP raised its position in shares of Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after acquiring an additional 412,312 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Fluor during the fourth quarter valued at $13,130,000. Finally, Principal Financial Group Inc. boosted its holdings in Fluor by 42.1% in the third quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company’s stock valued at $41,077,000 after acquiring an additional 254,904 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FLR. Robert W. Baird cut their target price on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday. DA Davidson cut their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. KeyCorp lowered their target price on shares of Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a report on Friday. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.57.

Fluor Stock Down 8.7 %

Shares of Fluor stock opened at $31.02 on Monday. Fluor Co. has a 1 year low of $29.62 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market capitalization of $5.21 billion, a P/E ratio of 2.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The business has a 50-day moving average of $40.18 and a two-hundred day moving average of $47.73.

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