FMC Technologies, Inc. (NYSE:FTI) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its position in FMC Technologies, Inc. (NYSE:FTI) by 90.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,638,820 shares of the oil and gas company’s stock after purchasing an additional 1,726,320 shares during the quarter. FMC Technologies accounts for 1.2% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 19th largest position. Thompson Siegel & Walmsley LLC owned about 0.78% of FMC Technologies worth $98,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gateway Investment Advisers LLC raised its stake in shares of FMC Technologies by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 107 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of FMC Technologies by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock valued at $786,000 after purchasing an additional 200 shares in the last quarter. Conning Inc. raised its stake in shares of FMC Technologies by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 200 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of FMC Technologies by 4.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after purchasing an additional 379 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of FMC Technologies by 8.3% in the fourth quarter. Macquarie Group Ltd. now owns 5,200 shares of the oil and gas company’s stock valued at $185,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 65.36% of the company’s stock.

A number of research analysts recently commented on FTI shares. ValuEngine lowered FMC Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. UBS AG reiterated a “buy” rating and set a $36.00 price objective (down from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. BMO Capital Markets reiterated a “hold” rating and set a $35.00 price objective on shares of FMC Technologies in a research note on Thursday, June 22nd. Seaport Global Securities lowered FMC Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $26.00 in a research note on Wednesday, June 21st. Finally, BidaskClub lowered FMC Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. FMC Technologies presently has a consensus rating of “Hold” and a consensus price target of $34.94.

FMC Technologies, Inc. (FTI) opened at 27.06 on Friday. The company has a market cap of $12.64 billion, a PE ratio of 32.72 and a beta of 0.93. The company has a 50-day moving average price of $26.45 and a 200 day moving average price of $29.31. FMC Technologies, Inc. has a 12-month low of $25.17 and a 12-month high of $37.09.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, analysts forecast that FMC Technologies, Inc. will post $1.06 EPS for the current fiscal year.

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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.

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

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