TCW Group Inc. Buys 21,502 Shares of FMC Technologies, Inc. (FTI)
TCW Group Inc. grew its stake in FMC Technologies, Inc. (NYSE:FTI) by 64.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 54,944 shares of the oil and gas company’s stock after buying an additional 21,502 shares during the quarter. TCW Group Inc.’s holdings in FMC Technologies were worth $1,534,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in FTI. Renaissance Technologies LLC purchased a new position in shares of FMC Technologies in the 1st quarter valued at about $2,503,000. Gateway Investment Advisers LLC raised its position in shares of FMC Technologies by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock worth $783,000 after acquiring an additional 107 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of FMC Technologies by 508.9% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 71,958 shares of the oil and gas company’s stock worth $1,957,000 after acquiring an additional 60,141 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of FMC Technologies by 118.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 107,650 shares of the oil and gas company’s stock worth $2,928,000 after acquiring an additional 58,400 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of FMC Technologies by 12.2% during the 2nd quarter. LS Investment Advisors LLC now owns 15,223 shares of the oil and gas company’s stock worth $414,000 after acquiring an additional 1,659 shares in the last quarter. Institutional investors and hedge funds own 66.88% of the company’s stock.
Several brokerages have recently weighed in on FTI. Seaport Global Securities reissued a “neutral” rating on shares of FMC Technologies in a research report on Thursday, July 27th. BidaskClub lowered FMC Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. UBS AG reissued a “buy” rating and set a $36.00 target price (down previously from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Citigroup Inc. cut their target price on FMC Technologies from $34.60 to $29.40 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Finally, began coverage on FMC Technologies in a research report on Monday, September 11th. They set a “hold” rating and a $26.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. FMC Technologies has an average rating of “Hold” and a consensus price target of $33.83.
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FMC Technologies, Inc. (FTI) traded up $0.08 during trading on Friday, hitting $26.62. The company had a trading volume of 2,340,000 shares, compared to its average volume of 3,750,000. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. FMC Technologies, Inc. has a 12-month low of $24.53 and a 12-month high of $36.14. The stock has a market capitalization of $12,380.00 and a P/E ratio of 21.73.
FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the business posted $0.22 EPS. FMC Technologies’s quarterly revenue was up 74.3% on a year-over-year basis. research analysts expect that FMC Technologies, Inc. will post 1.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be paid a $0.13 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.95%.
FMC Technologies 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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