Zurcher Kantonalbank Zurich Cantonalbank Purchases 869 Shares of Fluor Co. (NYSE:FLR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Fluor Co. (NYSE:FLR) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,374 shares of the construction company’s stock after buying an additional 869 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fluor were worth $1,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after buying an additional 527 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Fluor during the fourth quarter worth $33,000. Smartleaf Asset Management LLC lifted its stake in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after buying an additional 287 shares during the last quarter. Quarry LP grew its stake in Fluor by 244.7% in the 3rd quarter. Quarry LP now owns 1,327 shares of the construction company’s stock valued at $63,000 after buying an additional 942 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Fluor by 826.2% in the 4th quarter. Venturi Wealth Management LLC now owns 1,556 shares of the construction company’s stock valued at $77,000 after acquiring an additional 1,388 shares during the period. 88.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on FLR. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson decreased their target price on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research report on Monday. Barclays set a $40.00 target price on Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.71.

Fluor Trading Down 0.5 %

Shares of FLR stock opened at $37.15 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The stock has a market cap of $6.27 billion, a P/E ratio of 3.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The stock has a 50 day simple moving average of $43.85 and a 200 day simple moving average of $48.57. Fluor Co. has a 1 year low of $34.01 and a 1 year high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, research analysts predict that Fluor Co. will post 2.5 earnings per share for the current fiscal 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.