Teacher Retirement System of Texas Has $3,749,000 Stake in FMC Technologies Inc. (FTI)
Teacher Retirement System of Texas increased its position in shares of FMC Technologies Inc. (NYSE:FTI) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 140,575 shares of the company’s stock after buying an additional 3,860 shares during the period. Teacher Retirement System of Texas owned 0.06% of FMC Technologies worth $3,749,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Amica Retiree Medical Trust raised its position in shares of FMC Technologies by 105.0% in the second quarter. Amica Retiree Medical Trust now owns 5,962 shares of the company’s stock worth $159,000 after buying an additional 3,053 shares during the period. Acrospire Investment Management LLC bought a new position in shares of FMC Technologies during the first quarter worth $186,000. Bartlett & Co. LLC bought a new position in shares of FMC Technologies during the second quarter worth $199,000. Wright Investors Service Inc. bought a new position in shares of FMC Technologies during the second quarter worth $200,000. Finally, LPL Financial LLC bought a new position in shares of FMC Technologies during the first quarter worth $211,000. Institutional investors own 89.64% of the company’s stock.
FMC Technologies Inc. (NYSE:FTI) traded up 0.309% on Tuesday, reaching $27.595. 3,145,800 shares of the company’s stock were exchanged. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 39.478 and a beta of 1.22. The firm has a 50-day moving average of $27.34 and a 200-day moving average of $27.34. FMC Technologies Inc. has a 12 month low of $22.30 and a 12 month high of $35.93.
FMC Technologies (NYSE:FTI) last released its earnings results on Wednesday, July 20th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The company had revenue of $1.20 billion for 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%. FMC Technologies’s revenue for the quarter was down 32.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, equities analysts expect that FMC Technologies Inc. will post $0.93 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating on shares of FMC Technologies in a report on Sunday, July 10th. Barclays PLC lowered shares of FMC Technologies to a “neutral” rating and set a $33.00 price target on the stock. in a report on Thursday, May 26th. Credit Suisse Group AG reiterated a “hold” rating and issued a $26.00 price target on shares of FMC Technologies in a report on Thursday, June 2nd. Howard Weil decreased their price target on shares of FMC Technologies from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Monday, July 25th. 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 company. The company currently has an average rating of “Hold” and an average price target of $31.94.
In related news, VP Sanjay Bhatia sold 2,800 shares of the company’s stock in a transaction 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 directly owns 48,943 shares in the company, valued at approximately $1,391,938.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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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