Janus Henderson Group PLC increased its holdings in shares of FMC Technologies, Inc. (NYSE:FTI) by 19,636.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,496,027 shares of the oil and gas company’s stock after purchasing an additional 3,478,313 shares during the quarter. Janus Henderson Group PLC owned approximately 0.75% of FMC Technologies worth $95,090,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Gateway Investment Advisers LLC lifted its stake in FMC Technologies by 0.4% during the second quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock worth $783,000 after purchasing an additional 107 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in FMC Technologies by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock worth $786,000 after purchasing an additional 200 shares during the last quarter. Conning Inc. lifted its stake in FMC Technologies by 2.7% during the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 200 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its stake in FMC Technologies by 4.8% during the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock worth $224,000 after purchasing an additional 379 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. lifted its stake in FMC Technologies by 3.4% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 15,825 shares of the oil and gas company’s stock worth $514,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 65.35% of the company’s stock.

Shares of FMC Technologies, Inc. (FTI) opened at 27.27 on Wednesday. FMC Technologies, Inc. has a 1-year low of $25.17 and a 1-year high of $37.09. The stock has a market cap of $12.74 billion, a PE ratio of 32.97 and a beta of 0.95. The stock’s 50 day moving average price is $26.67 and its 200 day moving average price is $28.71.

FMC Technologies (NYSE:FTI) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.08. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, equities research analysts anticipate that FMC Technologies, Inc. will post $1.06 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “FMC Technologies, Inc. (FTI) Position Raised by Janus Henderson Group PLC” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/fmc-technologies-inc-fti-position-raised-by-janus-henderson-group-plc/1623583.html.

Several research firms recently weighed in on FTI. Seaport Global Securities restated a “neutral” rating on shares of FMC Technologies in a research note on Thursday, July 27th. Scotiabank set a $36.00 target price on FMC Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub upgraded FMC Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. UBS AG restated a “buy” rating and set a $36.00 target price (down previously from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $31.00 price objective on shares of FMC Technologies in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.09.

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.

Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

Receive News & Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.