Scout Investments Inc. Sells 117,248 Shares of FMC Technologies, Inc. (FTI)
Scout Investments Inc. lowered its position in FMC Technologies, Inc. (NYSE:FTI) by 22.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 413,333 shares of the oil and gas company’s stock after selling 117,248 shares during the quarter. Scout Investments Inc. owned about 88,585.91% of FMC Technologies worth $11,540,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. purchased a new stake in FMC Technologies in the 2nd quarter worth about $161,000. Oppenheimer Asset Management Inc. purchased a new stake in FMC Technologies in the 1st quarter worth about $165,000. Conning Inc. increased its holdings in FMC Technologies by 2.7% in the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 200 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in FMC Technologies by 4.8% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock worth $224,000 after acquiring an additional 379 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in FMC Technologies in the 3rd quarter worth about $237,000. 65.84% of the stock is owned by institutional investors.
Shares of FMC Technologies, Inc. (FTI) opened at $28.92 on Friday. The firm has a market capitalization of $13,699.14, a P/E ratio of 23.49, a P/E/G ratio of 0.94 and a beta of 0.89. FMC Technologies, Inc. has a 12-month low of $24.53 and a 12-month high of $37.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14.
FMC Technologies (NYSE:FTI) last released its 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 the consensus estimate of $3.87 billion. FMC Technologies’s revenue was up 74.3% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. analysts expect that FMC Technologies, Inc. will post 1.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a yield of 1.80%.
Several brokerages recently weighed in on FTI. Seaport Global Securities reissued a “neutral” rating on shares of FMC Technologies in a report on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and issued a $31.00 price objective on shares of FMC Technologies in a report on Friday, July 14th. BidaskClub lowered FMC Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. UBS AG restated a “buy” rating and issued a $36.00 target price (down previously from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Finally, Citigroup Inc. cut their target price on FMC Technologies from $34.60 to $29.40 and set a “neutral” rating for the company in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. FMC Technologies has a consensus rating of “Buy” and a consensus target price of $34.58.
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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