Mitsubishi UFJ Trust & Banking Corp Acquires 96,253 Shares of FMC Technologies, Inc. (FTI)
Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of FMC Technologies, Inc. (NYSE:FTI) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 975,026 shares of the oil and gas company’s stock after buying an additional 96,253 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of FMC Technologies worth $26,521,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of FTI. Retirement Systems of Alabama boosted its position in shares of FMC Technologies by 104.8% in the first quarter. Retirement Systems of Alabama now owns 225,543 shares of the oil and gas company’s stock valued at $7,330,000 after buying an additional 115,437 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in shares of FMC Technologies during the first quarter valued at approximately $55,640,000. Aberdeen Asset Management PLC UK boosted its position in shares of FMC Technologies by 11.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 332,434 shares of the oil and gas company’s stock valued at $10,804,000 after buying an additional 33,198 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of FMC Technologies by 14.7% in the first quarter. Nationwide Fund Advisors now owns 318,739 shares of the oil and gas company’s stock valued at $10,359,000 after buying an additional 40,885 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in shares of FMC Technologies by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 164,255 shares of the oil and gas company’s stock valued at $5,338,000 after buying an additional 743 shares in the last quarter. 65.35% of the stock is owned by institutional investors.
Shares of FMC Technologies, Inc. (FTI) opened at 26.32 on Friday. The company’s 50-day moving average is $26.94 and its 200 day moving average is $29.71. FMC Technologies, Inc. has a 52 week low of $25.17 and a 52 week high of $36.14. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 31.83 and a beta of 0.93.
FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Analysts anticipate that FMC Technologies, Inc. will post $1.06 EPS for the current fiscal year.
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FTI has been the subject of several recent research reports. ValuEngine cut shares of FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Sanford C. Bernstein raised shares of FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 price target for the company in a research report on Tuesday, May 16th. Royal Bank Of Canada raised shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Friday, August 25th. Cowen and Company reissued a “buy” rating and issued a $32.00 price target on shares of FMC Technologies in a research report on Tuesday, July 11th. Finally, Scotiabank set a $36.00 price target on shares of FMC Technologies and gave the company a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.25.
In other news, CFO Maryann T. Mannen sold 6,500 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.20, for a total value of $189,800.00. Following the completion of the transaction, the chief financial officer now directly owns 309,261 shares in the company, valued at $9,030,421.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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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