Trexquant Investment LP Lowers Stake in Fluor Co. (NYSE:FLR)

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

Several other hedge funds have also made changes to their positions in the business. Versant Capital Management Inc lifted its position in Fluor by 2,509.5% during the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Fluor during the fourth quarter worth $33,000. Smartleaf Asset Management LLC grew its position in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after buying an additional 287 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Fluor in the 4th quarter valued at $57,000. Finally, Quarry LP raised its position in Fluor by 244.7% during the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after buying an additional 942 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Trading Down 8.7 %

Shares of Fluor stock opened at $31.02 on Friday. The business has a 50 day moving average price of $40.18 and a 200 day moving average price of $47.71. The company has a market capitalization of $5.21 billion, a P/E ratio of 2.55, a P/E/G ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor Co. has a 1 year low of $29.75 and a 1 year high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.42 billion. Sell-side analysts anticipate that Fluor Co. will post 2.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FLR. Barclays set a $40.00 price target on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Robert W. Baird cut their target price on Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Truist Financial decreased their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.57.

Fluor Company 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.