FMC Technologies, Inc. (FTI) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in shares of FMC Technologies, Inc. (NYSE:FTI) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,225 shares of the oil and gas company’s stock after selling 2,487 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in FMC Technologies were worth $713,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in shares of FMC Technologies by 53.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock worth $831,931,000 after purchasing an additional 10,617,891 shares during the period. Vanguard Group Inc. increased its holdings in shares of FMC Technologies by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 26,271,582 shares of the oil and gas company’s stock worth $853,826,000 after purchasing an additional 4,105,582 shares during the period. State Street Corp increased its holdings in shares of FMC Technologies by 48.1% during the 1st quarter. State Street Corp now owns 20,471,445 shares of the oil and gas company’s stock worth $665,332,000 after purchasing an additional 6,648,002 shares during the period. BlackRock Inc. increased its holdings in shares of FMC Technologies by 3,127.8% during the 1st quarter. BlackRock Inc. now owns 20,159,977 shares of the oil and gas company’s stock worth $655,198,000 after purchasing an additional 19,535,400 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in shares of FMC Technologies by 5,960.8% during the 1st quarter. OppenheimerFunds Inc. now owns 13,171,232 shares of the oil and gas company’s stock worth $428,601,000 after purchasing an additional 12,953,913 shares during the period. 65.36% of the stock is owned by hedge funds and other institutional investors.

FMC Technologies, Inc. (NYSE FTI) opened at 25.50 on Friday. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 30.83 and a beta of 0.93. The stock’s 50 day moving average is $26.68 and its 200-day moving average is $29.53. FMC Technologies, Inc. has a 12 month low of $25.17 and a 12 month high of $36.14.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $3.80 billion. Equities analysts anticipate that FMC Technologies, Inc. will post $1.06 earnings per share for the current fiscal year.

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FTI has been the topic of several research reports. Sanford C. Bernstein upgraded shares of FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 price objective on the stock in a report on Tuesday, May 16th. Royal Bank Of Canada restated a “hold” rating and set a $37.00 price objective on shares of FMC Technologies in a report on Friday, June 2nd. ValuEngine downgraded shares of FMC Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of FMC Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Finally, Seaport Global Securities downgraded shares of 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 report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $35.25.

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.

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

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