Amica Retiree Medical Trust buys $148,871 stake in FMC Technologies (FTI)

FMC Technologies (FTI) : Amica Retiree Medical Trust scooped up 3,053 additional shares in FMC Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 5,962 shares of FMC Technologies which is valued at $148,871.FMC Technologies makes up approximately 0.12% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in FTI by selling 19,458 shares or 98.2% in the most recent quarter. The Hedge Fund company now holds 356 shares of FTI which is valued at $9,270.Bnp Paribas Arbitrage Sa reduced its stake in FTI by selling 15,286 shares or 45.96% in the most recent quarter. The Hedge Fund company now holds 17,971 shares of FTI which is valued at $473,716.

FMC Technologies opened for trading at $26.03 and hit $26.3 on the upside on Monday, eventually ending the session at $26.02, with a gain of 1.05% or 0.27 points. The heightened volatility saw the trading volume jump to 34,61,944 shares. Company has a market cap of $5,871 M.

On the company’s financial health, FMC Technologies reported $0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.29. The company had revenue of $1150.00 million for the quarter, compared to analysts expectations of $1260.59 million. The company’s revenue was down -32.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on FMC Technologies. Shares were Reiterated by FBR Capital on Jul 27, 2016 to “Mkt Perform” and Lowered the Price Target to $ 27 from a previous price target of $28 .Shares were Reiterated by Scotia Howard Weil on Jul 25, 2016 to “Sector Outperform” and Lowered the Price Target to $ 32 from a previous price target of $35 .Shares were Downgraded by Barclays on May 20, 2016 to ” Equal Weight” and Lowered the Price Target to $ 33 from a previous price target of $37 .

FMC Technologies Inc. is a provider of technology solutions for the energy industry. The Company’s segments include Subsea Technologies Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs manufactures and supplies high pressure valves and fittings for oilfield service companies and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production transportation and processing of crude oil natural gas and petroleum-based refined products and the mining industry.

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