Aristides Capital LLC Sells 6,549 Shares of Fluor Co. (NYSE:FLR)

Aristides Capital LLC cut its holdings in shares of Fluor Co. (NYSE:FLR) by 48.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,000 shares of the construction company’s stock after selling 6,549 shares during the period. Aristides Capital LLC’s holdings in Fluor were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Fluor by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company’s stock worth $13,049,000 after acquiring an additional 7,242 shares during the period. Captrust Financial Advisors increased its holdings in shares of Fluor by 1.8% during the third quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company’s stock valued at $891,000 after acquiring an additional 329 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Fluor in the third quarter worth about $1,161,000. Centiva Capital LP purchased a new stake in shares of Fluor during the third quarter valued at approximately $426,000. Finally, HighTower Advisors LLC boosted its stake in Fluor by 4.1% during the 3rd quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company’s stock valued at $1,618,000 after purchasing an additional 1,324 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays set a $40.00 target price on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Truist Financial lowered their price objective 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. Robert W. Baird decreased their target price on shares of Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday. DA Davidson dropped their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

Fluor Trading Down 8.7 %

NYSE:FLR opened at $31.02 on Friday. Fluor Co. has a one year low of $29.75 and a one year high of $60.10. The business has a fifty day moving average price of $40.18 and a 200-day moving average price of $47.72. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 2.55, a price-to-earnings-growth 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 (NYSE:FLR) last issued its quarterly earnings results 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 return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Sell-side analysts forecast that Fluor Co. will post 2.5 EPS for the current year.

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.