First New York Securities LLC NY raised its stake in shares of FMC Technologies Inc. (NYSE:FTI) by 17,787.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 111,080 shares of the company’s stock after buying an additional 110,459 shares during the period. FMC Technologies makes up approximately 1.8% of First New York Securities LLC NY’s holdings, making the stock its 15th largest position. First New York Securities LLC NY’s holdings in FMC Technologies were worth $2,963,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FTI. BlackRock Institutional Trust Company N.A. boosted its stake in shares of FMC Technologies by 4.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,214,653 shares of the company’s stock valued at $170,033,000 after buying an additional 249,087 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of FMC Technologies during the first quarter valued at about $2,014,000. BlackRock Group LTD boosted its stake in shares of FMC Technologies by 4.7% in the first quarter. BlackRock Group LTD now owns 1,848,925 shares of the company’s stock valued at $50,586,000 after buying an additional 82,495 shares in the last quarter. Aston Asset Management LLC boosted its stake in shares of FMC Technologies by 37.2% in the first quarter. Aston Asset Management LLC now owns 85,346 shares of the company’s stock valued at $2,335,000 after buying an additional 23,128 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of FMC Technologies by 0.7% in the first quarter. Franklin Resources Inc. now owns 1,899,240 shares of the company’s stock valued at $51,963,000 after buying an additional 12,765 shares in the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.
FMC Technologies Inc. (NYSE:FTI) traded down 0.36% during mid-day trading on Tuesday, hitting $27.43. 3,281,855 shares of the stock were exchanged. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 39.24 and a beta of 1.22. The company has a 50 day moving average price of $27.74 and a 200 day moving average price of $27.42. FMC Technologies Inc. has a 52-week low of $22.30 and a 52-week high of $35.93.
FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.08. The business earned $1.20 billion during the quarter, compared to analyst estimates of $1.26 billion. FMC Technologies had a net margin of 2.99% and a return on equity of 13.44%. The company’s revenue for the quarter was down 32.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, analysts anticipate that FMC Technologies Inc. will post $0.92 EPS for the current year.
Several analysts have recently issued reports on the stock. Capital One Financial Corp. upgraded shares of FMC Technologies from an “equal weight” rating to an “overweight” rating and set a $36.00 target price on the stock in a research report on Thursday, August 25th. Seaport Global Securities downgraded shares of FMC Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $29.00 to $28.00 in a report on Thursday, September 22nd. Citigroup Inc. upped their price target on shares of FMC Technologies from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, September 12th. Jefferies Group reiterated a “hold” rating and set a $29.00 price target on shares of FMC Technologies in a report on Wednesday, June 1st. Finally, FBR & Co reiterated a “hold” rating on shares of FMC Technologies in a report on Wednesday, July 20th. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.56.
In other FMC Technologies news, VP Sanjay Bhatia sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $28.44, for a total transaction of $79,632.00. Following the completion of the transaction, the vice president now owns 48,943 shares in the company, valued at approximately $1,391,938.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.
FMC Technologies Company Profile
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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