US Bancorp DE Buys 16,499 Shares of Fluor Co. (NYSE:FLR)

US Bancorp DE grew its stake in Fluor Co. (NYSE:FLR) by 99.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,061 shares of the construction company’s stock after purchasing an additional 16,499 shares during the quarter. US Bancorp DE’s holdings in Fluor were worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FLR. ClariVest Asset Management LLC raised its stake in Fluor by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 77,587 shares of the construction company’s stock worth $3,379,000 after buying an additional 233 shares in the last quarter. Xponance Inc. raised its position in shares of Fluor by 1.2% in the 2nd quarter. Xponance Inc. now owns 23,097 shares of the construction company’s stock worth $1,006,000 after acquiring an additional 265 shares in the last quarter. JGP Wealth Management LLC lifted its stake in shares of Fluor by 5.6% in the 3rd quarter. JGP Wealth Management LLC now owns 5,313 shares of the construction company’s stock valued at $253,000 after purchasing an additional 283 shares during the period. GAMMA Investing LLC boosted its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Fluor by 0.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock worth $2,739,000 after purchasing an additional 286 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLR has been the subject of several recent research reports. DA Davidson raised their price objective on Fluor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 5th. KeyCorp lifted their price target on shares of Fluor from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group upped their price objective on shares of Fluor from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup raised shares of Fluor from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price target on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.29.

Insider Buying and Selling at Fluor

In other Fluor news, CFO Joseph L. Brennan sold 4,012 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $50.01, for a total value of $200,640.12. Following the sale, the chief financial officer now owns 53,527 shares in the company, valued at $2,676,885.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Joseph L. Brennan sold 11,619 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $50.30, for a total transaction of $584,435.70. Following the sale, the chief financial officer now owns 41,908 shares in the company, valued at approximately $2,107,972.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $50.01, for a total transaction of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at approximately $2,676,885.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock valued at $2,156,604 in the last three months. 1.70% of the stock is currently owned by corporate insiders.

Fluor Stock Up 0.3 %

Shares of FLR stock opened at $58.95 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. Fluor Co. has a one year low of $34.09 and a one year high of $60.10. The company’s fifty day moving average price is $49.79 and its 200-day moving average price is $46.32. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.29 and a beta of 1.90.

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.