Legato Capital Management LLC Sells 3,170 Shares of Fluor Co. (NYSE:FLR)

Legato Capital Management LLC reduced its holdings in Fluor Co. (NYSE:FLR) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,345 shares of the construction company’s stock after selling 3,170 shares during the period. Legato Capital Management LLC’s holdings in Fluor were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLR. Geode Capital Management LLC increased its position in shares of Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after acquiring an additional 51,018 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fluor by 27.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after purchasing an additional 457,220 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Fluor by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after purchasing an additional 9,789 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock valued at $61,792,000 after buying an additional 412,312 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of Fluor by 13.1% in the fourth quarter. Hennessy Advisors Inc. now owns 1,040,600 shares of the construction company’s stock valued at $51,322,000 after buying an additional 120,800 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Fluor Stock Performance

FLR opened at $43.38 on Friday. Fluor Co. has a 1 year low of $35.04 and a 1 year high of $60.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $7.44 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.45 and a beta of 1.89. The business has a fifty day simple moving average of $50.18 and a 200 day simple moving average of $50.26.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FLR shares. Robert W. Baird reiterated a “neutral” rating and issued a $58.00 price target (up previously from $54.00) on shares of Fluor in a research note on Wednesday, December 18th. Truist Financial reduced their price target on Fluor from $66.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, January 16th. DA Davidson upped their price objective on Fluor from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, UBS Group increased their price target on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.29.

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.