Kelleher Financial Advisors Sells 595 Shares of Fluor Co. (NYSE:FLR)

Kelleher Financial Advisors trimmed its holdings in Fluor Co. (NYSE:FLR) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,422 shares of the construction company’s stock after selling 595 shares during the quarter. Kelleher Financial Advisors’ holdings in Fluor were worth $465,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Fluor by 2,509.5% in the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after acquiring an additional 527 shares in the last quarter. Quarry LP lifted its stake in shares of Fluor by 244.7% in the third quarter. Quarry LP now owns 1,327 shares of the construction company’s stock worth $63,000 after buying an additional 942 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Fluor in the third quarter worth $96,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fluor in the third quarter worth $96,000. Finally, GAMMA Investing LLC lifted its stake in shares of Fluor by 130.0% in the third quarter. GAMMA Investing LLC now owns 2,068 shares of the construction company’s stock worth $99,000 after buying an additional 1,169 shares during the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Transactions at Fluor

In other news, insider Thomas P. D’agostino sold 7,681 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $56.39, for a total value of $433,131.59. Following the sale, the insider now owns 137,974 shares of the company’s stock, valued at approximately $7,780,353.86. This represents a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Fields sold 50,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.63, for a total transaction of $2,831,500.00. Following the sale, the insider now directly owns 147,045 shares in the company, valued at approximately $8,327,158.35. This represents a 25.37 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Fluor Trading Up 1.4 %

Shares of FLR stock opened at $54.25 on Thursday. Fluor Co. has a 52-week low of $35.04 and a 52-week high of $60.10. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 3.56 and a beta of 1.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a fifty day moving average of $52.32 and a 200-day moving average of $50.18.

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

Analyst Ratings Changes

FLR has been the subject of a number of analyst reports. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. DA Davidson boosted their price objective on shares of Fluor from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. KeyCorp upped their target price on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Robert W. Baird reiterated a “neutral” rating and set a $58.00 target price (up from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Finally, Citigroup upgraded shares of Fluor from a “neutral” rating to a “buy” rating and upped their target price for the company from $52.00 to $65.00 in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.14.

Fluor 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.