Zurcher Kantonalbank Zurich Cantonalbank Has $1.01 Million Holdings in Fluor Co. (NYSE:FLR)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Fluor Co. (NYSE:FLR) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,683 shares of the construction company’s stock after acquiring an additional 3,079 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fluor were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FLR. Insight Wealth Strategies LLC acquired a new stake in shares of Fluor in the fourth quarter valued at approximately $1,020,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Fluor by 385.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,948 shares of the construction company’s stock valued at $6,934,000 after buying an additional 149,990 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Fluor by 36.7% in the third quarter. New York State Common Retirement Fund now owns 143,359 shares of the construction company’s stock valued at $5,261,000 after buying an additional 38,496 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of Fluor in the third quarter valued at approximately $31,143,000. Finally, Hsbc Holdings PLC raised its position in shares of Fluor by 33.9% in the third quarter. Hsbc Holdings PLC now owns 234,376 shares of the construction company’s stock valued at $8,579,000 after buying an additional 59,283 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FLR. Citigroup lifted their price target on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and issued a $46.00 price target on shares of Fluor in a research report on Monday, March 25th. KeyCorp began coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, TheStreet downgraded shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.17.

Fluor Stock Up 0.8 %

Shares of NYSE:FLR opened at $40.95 on Friday. The company has a fifty day moving average of $39.44 and a 200-day moving average of $38.28. The company has a market capitalization of $6.97 billion, a PE ratio of 73.13, a price-to-earnings-growth ratio of 3.22 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. Fluor Co. has a 52-week low of $25.69 and a 52-week high of $43.24.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. On average, equities analysts predict that Fluor Co. will post 2.84 EPS for the current fiscal year.

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.