Public Employees Retirement Association of Colorado reduced its stake in shares of FMC Technologies Inc. (NYSE:FTI) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,276 shares of the company’s stock after selling 2,162 shares during the period. Public Employees Retirement Association of Colorado’s holdings in FMC Technologies were worth $1,492,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. increased its stake in shares of FMC Technologies by 187.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,907 shares of the company’s stock valued at $104,000 after buying an additional 2,547 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of FMC Technologies by 25.3% in the second quarter. Pacer Advisors Inc. now owns 4,534 shares of the company’s stock valued at $121,000 after buying an additional 916 shares in the last quarter. Mycio Wealth Partners LLC increased its stake in shares of FMC Technologies by 13.9% in the second quarter. Mycio Wealth Partners LLC now owns 5,742 shares of the company’s stock valued at $153,000 after buying an additional 700 shares in the last quarter. Amica Retiree Medical Trust increased its stake 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 valued at $159,000 after buying an additional 3,053 shares in the last quarter. Finally, Euclid Advisors LLC purchased a new stake in shares of FMC Technologies during the second quarter valued at approximately $160,000. Institutional investors own 90.45% of the company’s stock.

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

Shares of FMC Technologies Inc. (NYSE:FTI) traded down 0.93% on Tuesday, reaching $33.00. 5,127,974 shares of the company traded hands. The firm has a market capitalization of $7.45 billion, a P/E ratio of 71.43 and a beta of 0.92. The stock has a 50-day moving average price of $33.02 and a 200 day moving average price of $28.78. FMC Technologies Inc. has a 1-year low of $22.30 and a 1-year high of $35.74.

FMC Technologies (NYSE:FTI) last issued its earnings results on Wednesday, October 19th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.12. FMC Technologies had a net margin of 2.25% and a return on equity of 10.93%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was down 29.4% on a year-over-year basis. Analysts anticipate that FMC Technologies Inc. will post $1.06 EPS for the current fiscal year.

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FTI has been the subject of a number of analyst reports. Griffin Securities upgraded FMC Technologies from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, November 23rd. Nomura set a $26.00 price target on FMC Technologies and gave the company a “hold” rating in a research note on Tuesday, August 16th. Jefferies Group set a $33.00 price target on FMC Technologies and gave the company a “hold” rating in a research note on Monday, October 24th. Seaport Global Securities downgraded FMC Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $29.00 to $28.00 in a research note on Thursday, September 22nd. Finally, Citigroup Inc. lifted their price target on FMC Technologies from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. FMC Technologies currently has an average rating of “Hold” and a consensus target price of $32.34.

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.

5 Day Chart for NYSE:FTI

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