Cibc World Markets Corp Purchases Shares of 15,980 Fluor Co. (NYSE:FLR)

Cibc World Markets Corp purchased a new stake in shares of Fluor Co. (NYSE:FLR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,980 shares of the construction company’s stock, valued at approximately $788,000.

Several other hedge funds have also bought and sold shares of the stock. GLOBALT Investments LLC GA grew its holdings in Fluor by 2.5% during the fourth quarter. GLOBALT Investments LLC GA now owns 43,118 shares of the construction company’s stock valued at $2,127,000 after purchasing an additional 1,070 shares during the period. Natixis Advisors LLC grew its holdings in Fluor by 12.8% during the fourth quarter. Natixis Advisors LLC now owns 73,048 shares of the construction company’s stock valued at $3,603,000 after purchasing an additional 8,271 shares during the period. Commonwealth Equity Services LLC grew its holdings in Fluor by 21.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 111,974 shares of the construction company’s stock valued at $5,523,000 after purchasing an additional 19,571 shares during the period. Swiss National Bank grew its holdings in Fluor by 0.8% during the fourth quarter. Swiss National Bank now owns 336,900 shares of the construction company’s stock valued at $16,616,000 after purchasing an additional 2,600 shares during the period. Finally, Truvestments Capital LLC grew its holdings in Fluor by 24.6% during the fourth quarter. Truvestments Capital LLC now owns 23,373 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 4,616 shares during the period. Institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

NYSE:FLR opened at $37.72 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $6.34 billion, a P/E ratio of 3.09, a P/E/G ratio of 1.36 and a beta of 1.73. Fluor Co. has a 12 month low of $34.01 and a 12 month high of $60.10. The business’s 50-day moving average is $43.19 and its 200 day moving average is $48.34.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (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 analysts’ expectations of $4.42 billion. On average, equities research analysts forecast that Fluor Co. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FLR. Citigroup lowered their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. DA Davidson lowered their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Finally, Barclays set a $40.00 price objective on Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fluor has an average rating of “Moderate Buy” and an average target price of $54.71.

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.