Legato Capital Management LLC Has $362,000 Stock Position in Fluor Co. (NYSE:FLR)

Legato Capital Management LLC cut its position in Fluor Co. (NYSE:FLR) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,345 shares of the construction company’s stock after selling 3,170 shares during the period. Legato Capital Management LLC’s holdings in Fluor were worth $362,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FLR. Versant Capital Management Inc grew 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 last quarter. Golden State Wealth Management LLC bought a new stake in shares of Fluor during the fourth quarter worth $33,000. Quarry LP increased its stake in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after buying an additional 942 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Fluor in the third quarter valued at about $96,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Fluor during the 3rd quarter worth about $96,000. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 3.4 %

Shares of NYSE:FLR opened at $43.38 on Friday. The company has a 50 day moving average price of $50.18 and a two-hundred day moving average price of $50.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $7.44 billion, a PE ratio of 28.92, a PEG ratio of 3.45 and a beta of 1.89. Fluor Co. has a 52 week low of $35.04 and a 52 week high of $60.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Fluor from $66.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. UBS Group increased their price objective on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp lifted their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, DA Davidson upped their target price on shares of Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Fluor has a consensus rating of “Moderate Buy” and a consensus target price of $59.29.

Insider Activity at Fluor

In related 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas P. D’agostino sold 7,681 shares of Fluor stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $56.39, for a total transaction of $433,131.59. Following the completion of the transaction, the insider now directly owns 137,974 shares in the company, valued at approximately $7,780,353.86. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

About Fluor

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.