Harbor Capital Advisors Inc. Sells 49,740 Shares of Fluor Co. (NYSE:FLR)

Harbor Capital Advisors Inc. lowered its position in Fluor Co. (NYSE:FLR) by 31.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 108,831 shares of the construction company’s stock after selling 49,740 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Fluor were worth $5,368,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Hood River Capital Management LLC acquired a new stake in shares of Fluor in the second quarter valued at about $47,559,000. Westfield Capital Management Co. LP bought a new position in Fluor during the third quarter worth $39,289,000. Rubric Capital Management LP lifted its holdings in Fluor by 23.6% in the second quarter. Rubric Capital Management LP now owns 3,214,521 shares of the construction company’s stock valued at $139,992,000 after buying an additional 614,521 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock valued at $100,092,000 after acquiring an additional 457,220 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Fluor by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,547,243 shares of the construction company’s stock worth $110,930,000 after acquiring an additional 323,111 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 2.1 %

FLR opened at $48.27 on Friday. Fluor Co. has a fifty-two week low of $35.04 and a fifty-two week high of $60.10. The firm has a market capitalization of $8.28 billion, a PE ratio of 32.18, a P/E/G ratio of 4.27 and a beta of 1.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The company’s 50-day moving average is $52.83 and its 200 day moving average is $49.73.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.25). Fluor had a return on equity of 20.05% and a net margin of 1.64%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same period last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Fluor Co. will post 2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on FLR shares. UBS Group raised 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. Truist Financial boosted their target price on shares of Fluor from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp upped their price objective on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, DA Davidson raised their target price on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.29.

Insiders Place Their Bets

In other news, insider Thomas P. D’agostino sold 7,681 shares of the business’s 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 transaction, the insider now owns 137,974 shares in the company, valued at $7,780,353.86. The trade was a 5.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.63, for a total value of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares of the company’s stock, valued at $8,327,158.35. The trade was a 25.37 % 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.

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.