Capital Fund Management S.A. lowered its stake in FMC Technologies Inc. (NYSE:FTI) by 67.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,534 shares of the company’s stock after selling 236,702 shares during the period. Capital Fund Management S.A.’s holdings in FMC Technologies were worth $3,081,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in FMC Technologies by 2.9% in the first quarter. State Street Corp now owns 13,060,064 shares of the company’s stock valued at $357,322,000 after buying an additional 363,785 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in 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 during the last quarter. Fairpointe Capital LLC raised its position in FMC Technologies by 2.8% in the first quarter. Fairpointe Capital LLC now owns 5,831,120 shares of the company’s stock valued at $159,539,000 after buying an additional 157,397 shares during the last quarter. Bank of Montreal Can bought a new position in FMC Technologies during the second quarter valued at about $77,891,000. Finally, JPMorgan Chase & Co. raised its position in FMC Technologies by 725.1% in the first quarter. JPMorgan Chase & Co. now owns 2,796,096 shares of the company’s stock valued at $76,501,000 after buying an additional 2,457,213 shares during the last quarter. Institutional investors own 89.63% of the company’s stock.
FMC Technologies Inc. (NYSE:FTI) traded up 0.23% during mid-day trading on Tuesday, hitting $29.95. The stock had a trading volume of 3,812,718 shares. The stock has a market capitalization of $6.76 billion, a P/E ratio of 42.85 and a beta of 1.14. FMC Technologies Inc. has a 52 week low of $22.30 and a 52 week high of $35.93. The company’s 50 day moving average is $28.20 and its 200-day moving average is $27.50.
FMC Technologies (NYSE:FTI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.08. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.26 billion. FMC Technologies had a return on equity of 13.44% and a net margin of 2.99%. The business’s revenue was down 32.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts expect that FMC Technologies Inc. will post $0.92 EPS for the current fiscal year.
FTI has been the subject of several analyst reports. Capital One Financial Corp. upgraded FMC Technologies from an “equal weight” rating to an “overweight” rating and set a $36.00 target price for the company in a research report on Thursday, August 25th. Simmons restated an “overweight” rating and set a $29.00 target price (up from $27.00) on shares of FMC Technologies in a research report on Monday, July 25th. Jefferies Group set a $29.00 price objective on FMC Technologies and gave the company a “hold” rating in a research report on Wednesday, July 20th. Howard Weil decreased their price objective on FMC Technologies from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Monday, July 25th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $32.00 price objective (down from $35.00) on shares of FMC Technologies in a research report on Tuesday, July 26th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.56.
In related news, VP Sanjay Bhatia sold 2,800 shares of FMC Technologies stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $28.44, for a total transaction of $79,632.00. Following the sale, the vice president now directly owns 48,943 shares in the company, valued at $1,391,938.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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