American Century Companies Inc. Cuts Position in FMC Technologies, Inc. (FTI)

American Century Companies Inc. reduced its position in FMC Technologies, Inc. (NYSE:FTI) by 75.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,674 shares of the oil and gas company’s stock after selling 507,520 shares during the quarter. American Century Companies Inc.’s holdings in FMC Technologies were worth $4,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gateway Investment Advisers LLC raised its position in shares of FMC Technologies by 0.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock worth $783,000 after buying an additional 107 shares during the period. Louisiana State Employees Retirement System raised its position in shares of FMC Technologies by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock worth $786,000 after buying an additional 200 shares during the period. Conning Inc. raised its position in shares of 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 buying an additional 200 shares during the period. Bbva Compass Bancshares Inc. raised its position in shares of 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 buying an additional 379 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of FMC Technologies by 3.4% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 15,825 shares of the oil and gas company’s stock worth $514,000 after buying an additional 520 shares during the period. 65.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of FMC Technologies, Inc. (NYSE FTI) opened at 25.50 on Monday. FMC Technologies, Inc. has a 52 week low of $25.17 and a 52 week high of $36.14. The firm has a market capitalization of $11.91 billion, a P/E ratio of 30.83 and a beta of 0.93. The stock’s 50 day moving average price is $26.68 and its 200 day moving average price is $29.53.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.80 billion. On average, analysts predict that FMC Technologies, Inc. will post $1.06 EPS for the current fiscal year.

Several brokerages recently weighed in on FTI. ValuEngine lowered FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada raised FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research report on Friday, August 25th. BidaskClub lowered FMC Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. UBS AG reaffirmed a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of FMC Technologies in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. FMC Technologies has an average rating of “Hold” and a consensus target price of $35.25.

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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.

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

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