Todays Report: Today, Lucus Advisors LLC decides to keep it stake in FMC Technologies Inc. (FTI) to the level of $394,000

Today, Lucus Advisors LLC decides to keep it stake in FMC Technologies Inc. (FTI) to the level of $394,000

Lucus Advisors LLC boosted its position in FMC Technologies Inc. (NYSE:FTI) by 0.1% during the third quarter, Holdings Channel reports. The fund owned 13,275 shares of the company’s stock after buying an additional 17 shares during the period. Lucus Advisors LLC’s holdings in FMC Technologies were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of FMC Technologies by 0.3% in the second quarter. HighTower Advisors LLC now owns 9,686 shares of the company’s stock worth $258,000 after buying an additional 32 shares during the last quarter. DnB Asset Management AS increased its position in shares of FMC Technologies by 0.3% in the third quarter. DnB Asset Management AS now owns 14,936 shares of the company’s stock worth $443,000 after buying an additional 50 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of FMC Technologies by 0.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,466 shares of the company’s stock worth $518,000 after buying an additional 69 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of FMC Technologies by 0.5% in the third quarter. Capstone Asset Management Co. now owns 15,852 shares of the company’s stock worth $470,000 after buying an additional 76 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of FMC Technologies by 0.6% in the second quarter. Advantus Capital Management Inc now owns 21,911 shares of the company’s stock worth $584,000 after buying an additional 138 shares during the last quarter. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

FMC Technologies Inc. (NYSE:FTI) traded down 2.10% during midday trading on Friday, hitting $33.98. 1,646,210 shares of the stock were exchanged. The stock has a market cap of $7.67 billion, a P/E ratio of 73.55 and a beta of 0.92. The firm has a 50-day moving average price of $32.81 and a 200-day moving average price of $28.69. FMC Technologies Inc. has a one year low of $22.30 and a one year high of $35.74.

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

A number of brokerages have recently issued reports on FTI. Griffin Securities raised shares of FMC Technologies from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday. Jefferies Group set a $33.00 target price on shares of FMC Technologies and gave the stock a “hold” rating in a research report on Monday, October 24th. Nomura set a $26.00 target price on shares of FMC Technologies and gave the stock a “hold” rating in a research report on Tuesday, August 16th. JPMorgan Chase & Co. reissued a “hold” rating and set a $31.00 target price on shares of FMC Technologies in a research report on Thursday, November 3rd. Finally, Capital One Financial Corp. raised shares of FMC Technologies from an “equal weight” rating to an “overweight” rating and set a $36.00 target price on the stock in a research report on Thursday, August 25th. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.34.

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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