Galibier Capital Management Ltd. Sells 28,800 Shares of Fluor Co. (NYSE:FLR)

Galibier Capital Management Ltd. reduced its holdings in Fluor Co. (NYSE:FLRGet Rating) by 19.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,932 shares of the construction company’s stock after selling 28,800 shares during the quarter. Fluor comprises 0.6% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 16th largest position. Galibier Capital Management Ltd. owned approximately 0.09% of Fluor worth $2,992,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Fluor during the 1st quarter valued at $47,000. Vectors Research Management LLC purchased a new stake in Fluor in the fourth quarter worth about $50,000. Rowland & Co. Investment Counsel ADV bought a new stake in Fluor during the 4th quarter valued at approximately $138,000. Point72 Hong Kong Ltd grew its holdings in shares of Fluor by 596.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 6,698 shares of the construction company’s stock worth $192,000 after acquiring an additional 5,736 shares during the period. Finally, Advisor Partners LLC purchased a new position in shares of Fluor in the 1st quarter valued at approximately $200,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FLR. Citigroup decreased their price objective on Fluor from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, August 8th. Credit Suisse Group set a $26.00 price target on shares of Fluor in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Fluor currently has an average rating of “Hold” and a consensus target price of $26.25.

Fluor Stock Down 3.5 %

Shares of FLR traded down $0.90 during trading hours on Friday, hitting $24.75. The company had a trading volume of 203,221 shares, compared to its average volume of 1,067,191. Fluor Co. has a 52-week low of $14.95 and a 52-week high of $31.32. The firm has a fifty day moving average price of $26.01 and a 200-day moving average price of $26.60. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -73.85, a P/E/G ratio of 0.55 and a beta of 2.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.48 and a current ratio of 1.49.

Fluor (NYSE:FLRGet Rating) last issued its earnings results on Friday, August 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.18). Fluor had a positive return on equity of 9.11% and a negative net margin of 0.05%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, equities research analysts forecast that Fluor Co. will post 1.26 EPS for the current fiscal year.

About Fluor

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Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions 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.

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Institutional Ownership by Quarter for Fluor (NYSE:FLR)

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