Stanley Laman Group Ltd. Decreases Position in Fluor Co. (NYSE:FLR)

Stanley Laman Group Ltd. decreased its stake in Fluor Co. (NYSE:FLR) by 8.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 111,544 shares of the construction company’s stock after selling 10,457 shares during the quarter. Fluor comprises approximately 0.8% of Stanley Laman Group Ltd.’s portfolio, making the stock its 29th largest position. Stanley Laman Group Ltd.’s holdings in Fluor were worth $5,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after buying an additional 51,018 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after buying an additional 457,220 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Fluor by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after acquiring an additional 9,789 shares in the last quarter. Artemis Investment Management LLP lifted its stake in shares of Fluor by 49.1% in 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 in the last quarter. Finally, Hennessy Advisors Inc. lifted its stake in shares of Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock worth $51,322,000 after acquiring an additional 120,800 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird reiterated a “neutral” rating and issued a $58.00 price target (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Truist Financial cut their price target on Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Fluor presently has an average rating of “Moderate Buy” and a consensus target price of $59.29.

Insider Transactions at Fluor

In other news, insider Mark E. Fields sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. D’agostino sold 7,681 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was 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 directly owns 137,974 shares of the company’s stock, valued at $7,780,353.86. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Fluor Stock Down 3.1 %

Shares of Fluor stock opened at $46.37 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $50.65 and its 200-day simple moving average is $50.33. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 3.45 and a beta of 1.89. Fluor Co. has a twelve month low of $35.04 and a twelve month high of $60.10.

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.