Macquarie Group Ltd. held its position in shares of FMC Technologies Inc. (NYSE:FTI) during the second quarter, Holdings Channel reports. The firm owned 4,800 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in FMC Technologies were worth $128,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aperio Group LLC raised its position in shares of FMC Technologies by 16.9% in the first quarter. Aperio Group LLC now owns 107,452 shares of the company’s stock valued at $2,940,000 after buying an additional 15,552 shares during the period. Virginia Retirement System bought a new stake in shares of FMC Technologies during the first quarter valued at about $372,000. Franklin Resources Inc. increased 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. BlackRock Group LTD increased 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. Finally, BlackRock Institutional Trust Company N.A. increased 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. 89.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of FMC Technologies Inc. (NYSE:FTI) opened at 30.71 on Thursday. The company has a market cap of $6.93 billion, a PE ratio of 43.93 and a beta of 1.14. FMC Technologies Inc. has a one year low of $22.30 and a one year high of $35.93. The company’s 50-day moving average price is $28.30 and its 200 day moving average price is $27.52.
FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.08. FMC Technologies had a return on equity of 13.44% and a net margin of 2.99%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down 32.2% compared to the same quarter last year. Equities analysts forecast that FMC Technologies Inc. will post $0.92 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Seaport Global Securities downgraded FMC Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $29.00 to $28.00 in a report on Thursday, September 22nd. Citigroup Inc. increased their price target on FMC Technologies from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, September 12th. Capital One Financial Corp. upgraded FMC Technologies from an “equal weight” rating to an “overweight” rating and set a $36.00 price target for the company in a report on Thursday, August 25th. Nomura set a $26.00 price target on FMC Technologies and gave the company a “hold” rating in a report on Tuesday, August 16th. Finally, Jefferies Group reiterated a “hold” rating on shares of FMC Technologies in a report on Friday, August 5th. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.56.
In related news, VP Sanjay Bhatia sold 2,800 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $28.44, for a total value of $79,632.00. Following the sale, the vice president now owns 48,943 shares of the company’s stock, valued at $1,391,938.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.
About FMC Technologies
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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