Pacer Advisors Inc. Has $2.62 Million Stake in Fluor Corporation $FLR

Pacer Advisors Inc. lifted its stake in Fluor Corporation (NYSE:FLR) by 109.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,173 shares of the construction company’s stock after purchasing an additional 34,650 shares during the quarter. Pacer Advisors Inc.’s holdings in Fluor were worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of FLR. Dimensional Fund Advisors LP grew its stake in Fluor by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock valued at $174,077,000 after purchasing an additional 328,122 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Fluor in the fourth quarter worth approximately $1,350,000. Goodman Financial Corp bought a new position in Fluor during the fourth quarter valued at approximately $7,610,000. Hudson Bay Capital Management LP lifted its stake in Fluor by 310.9% in the third quarter. Hudson Bay Capital Management LP now owns 98,107 shares of the construction company’s stock valued at $4,127,000 after acquiring an additional 74,231 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in Fluor in the fourth quarter worth approximately $863,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FLR. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Robert W. Baird increased their target price on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Truist Financial reiterated a “buy” rating and set a $57.00 price target (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Zacks Research lowered Fluor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Citigroup reduced their target price on Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Fluor Stock Down 2.0%

Shares of FLR opened at $53.33 on Wednesday. The company has a 50-day simple moving average of $48.50 and a 200-day simple moving average of $46.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $7.45 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.68 and a beta of 1.25. Fluor Corporation has a 52 week low of $37.62 and a 52 week high of $57.50.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). Fluor had a return on equity of 5.90% and a net margin of 2.30%.The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business posted $0.73 EPS. Fluor’s revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts expect that Fluor Corporation will post 2.69 earnings per share for the current year.

About Fluor

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.