Caisse DE Depot ET Placement DU Quebec increased its position in FMC Technologies, Inc. (NYSE:FTI) by 195.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,287 shares of the oil and gas company’s stock after buying an additional 137,052 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in FMC Technologies were worth $6,744,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of FTI. Macquarie Group Ltd. raised its stake in 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 worth $185,000 after buying an additional 400 shares during the last quarter. Johanson Financial Advisors Inc. purchased a new stake in FMC Technologies during the first quarter worth $201,000. Bayesian Capital Management LP purchased a new stake in FMC Technologies during the fourth quarter worth $207,000. Koch Industries Inc. purchased a new stake in FMC Technologies during the first quarter worth $221,000. Finally, Contravisory Investment Management Inc. raised its position in shares of FMC Technologies by 33.2% in the first quarter. Contravisory Investment Management Inc. now owns 7,064 shares of the oil and gas company’s stock valued at $230,000 after buying an additional 1,761 shares in the last quarter. 64.18% of the stock is currently owned by institutional investors.
FMC Technologies, Inc. (NYSE FTI) traded down 2.24% during mid-day trading on Tuesday, hitting $26.62. 3,611,982 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $30.04 and a 200 day moving average of $32.59. The stock has a market capitalization of $12.42 billion, a P/E ratio of 15.97 and a beta of 0.88. FMC Technologies, Inc. has a 52 week low of $26.42 and a 52 week high of $36.14.
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Several research analysts have weighed in on FTI shares. Scotiabank set a $40.00 price objective on shares of FMC Technologies and gave the stock a “buy” rating in a report on Monday, February 27th. J P Morgan Chase & Co raised shares of FMC Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $44.00 in a report on Monday, February 27th. ValuEngine lowered shares of FMC Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $41.00 price objective on shares of FMC Technologies in a report on Wednesday, March 22nd. Finally, BMO Capital Markets set a $37.00 price target on shares of FMC Technologies and gave the company a “hold” rating in a report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $35.18.
In other news, CFO Maryann T. Mannen sold 6,500 shares of FMC Technologies stock in a transaction on Monday, June 5th. The stock was sold at an average price of $29.20, for a total transaction of $189,800.00. Following the completion of the sale, the chief financial officer now owns 309,261 shares of the company’s stock, valued at $9,030,421.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley D. Beitler sold 12,000 shares of FMC Technologies stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $32.00, for a total value of $384,000.00. Following the sale, the executive vice president now directly owns 87,886 shares of the company’s stock, valued at approximately $2,812,352. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $824,120 in the last three months. Insiders own 0.86% of the company’s stock.
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.
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