UBS Group AG Has $13.20 Million Stake in Fluor Co. (NYSE:FLR)

UBS Group AG reduced its stake in shares of Fluor Co. (NYSE:FLR – Get Rating) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,850 shares of the construction company’s stock after selling 110,350 shares during the quarter. UBS Group AG’s holdings in Fluor were worth $13,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Fluor by 3.5% during the 1st quarter. BlackRock Inc. now owns 16,937,750 shares of the construction company’s stock valued at $485,943,000 after purchasing an additional 571,316 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Fluor by 1.6% during the third quarter. Vanguard Group Inc. now owns 13,760,561 shares of the construction company’s stock worth $342,501,000 after buying an additional 210,592 shares in the last quarter. State Street Corp raised its stake in shares of Fluor by 4.3% in the first quarter. State Street Corp now owns 4,756,643 shares of the construction company’s stock valued at $136,468,000 after acquiring an additional 195,913 shares during the last quarter. Rubric Capital Management LP grew its position in Fluor by 13.5% during the 3rd quarter. Rubric Capital Management LP now owns 3,300,000 shares of the construction company’s stock worth $82,137,000 after acquiring an additional 393,131 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Fluor by 9.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,985,955 shares of the construction company’s stock valued at $49,428,000 after purchasing an additional 168,287 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Fluor Price Performance

Fluor stock opened at $27.78 on Monday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -75.08, a P/E/G ratio of 0.32 and a beta of 2.27. Fluor Co. has a 12-month low of $21.67 and a 12-month high of $38.20. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $29.15 and its 200 day simple moving average is $32.90.

Fluor (NYSE:FLR – Get Rating) last issued its quarterly earnings results on Friday, May 5th. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Fluor had a positive return on equity of 9.84% and a negative net margin of 0.07%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. As a group, research analysts anticipate that Fluor Co. will post 1.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider James R. Breuer sold 4,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $37.81, for a total value of $151,240.00. Following the transaction, the insider now directly owns 41,742 shares in the company, valued at approximately $1,578,265.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird reduced their price objective on Fluor from $43.00 to $40.00 in a research note on Monday, May 8th. Credit Suisse Group upped their price target on shares of Fluor from $31.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 22nd. Finally, StockNews.com started coverage on shares of Fluor in a research report on Thursday. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.86.

About Fluor

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Fluor Corp. operates as a holding company. The firm engages in the provision of engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following segments: Energy & Chemicals, Mining & Industrial, Infrastructure & Power, Diversified Services and Government.