Kestra Private Wealth Services LLC Acquires 7,743 Shares of Fluor Co. (NYSE:FLR)

Kestra Private Wealth Services LLC grew its stake in shares of Fluor Co. (NYSE:FLR) by 140.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,250 shares of the construction company’s stock after purchasing an additional 7,743 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fluor were worth $653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc raised its position in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter worth $33,000. Quarry LP lifted its position in shares of Fluor by 244.7% during the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after purchasing an additional 942 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Fluor during the third quarter worth about $96,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Fluor in the 3rd quarter worth about $96,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FLR has been the topic of a number of research analyst reports. UBS Group boosted their target price on Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. DA Davidson raised their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Truist Financial cut their price target on shares of Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Fluor in a research report on Wednesday, December 18th. Finally, Citigroup reduced their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.29.

Insiders Place Their Bets

In other 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 sale, the insider now directly owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total transaction 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. This represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Fluor Stock Performance

Shares of FLR stock opened at $43.38 on Friday. The firm’s 50 day moving average is $50.18 and its 200 day moving average is $50.26. The stock has a market capitalization of $7.44 billion, a P/E ratio of 28.92, a PEG ratio of 3.45 and a beta of 1.89. Fluor Co. has a 12 month low of $35.04 and a 12 month high of $60.10. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

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.