Fmc Technologies INC Com (FTI) Market Valuation Declined While Reinhart Partners INC Cut Its Stake by $7.91 Million

June 20, 2017 - By Clifton Ray

Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.09, from 0.86 in 2016Q3. It dived, as 62 investors sold FTI shares while 142 reduced holdings. 45 funds opened positions while 112 raised stakes. 181.04 million shares or 7.98% less from 196.73 million shares in 2016Q3 were reported. Nationwide Fund Advsrs has invested 0.04% in TechnipFMC plc Ordinary Share (NYSE:FTI). National Bank & Trust Of Montreal Can reported 0.06% in TechnipFMC plc Ordinary Share (NYSE:FTI). Proshare Lc owns 37,329 shares or 0.01% of their US portfolio. Eqis Mgmt Incorporated invested in 0.03% or 11,966 shares. M&T Bank & Trust invested 0% in TechnipFMC plc Ordinary Share (NYSE:FTI). 5,303 were reported by Contravisory Invest Mgmt Inc. Van Eck Assocs holds 1.54M shares. Blackrock Japan Ltd accumulated 334,212 shares. Virginia Retirement Et Al invested 0.01% in TechnipFMC plc Ordinary Share (NYSE:FTI). Cibc World Mkts Corp reported 620,509 shares stake. Clearbridge Invests Lc invested in 0% or 388 shares. Bnp Paribas Investment Prns Sa owns 0% invested in TechnipFMC plc Ordinary Share (NYSE:FTI) for 11,743 shares. Richard Bernstein Advisors Limited Com holds 0.25% of its portfolio in TechnipFMC plc Ordinary Share (NYSE:FTI) for 85,344 shares. Texas Permanent School Fund accumulated 67,612 shares. Bamco Incorporated reported 36,000 shares.

Reinhart Partners Inc decreased its stake in Fmc Technologies Inc Com (FTI) by 20.91% based on its latest 2016Q4 regulatory filing with the SEC. Reinhart Partners Inc sold 225,991 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 854,811 shares of the energy company at the end of 2016Q4, valued at $30.37 million, down from 1.08 million at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Fmc Technologies Inc Com for a number of months, seems to be less bullish one the $12.71B market cap company. The stock declined 2.19% or $0.59 reaching $26.64 per share. About 166,340 shares traded. TechnipFMC plc Ordinary Share (NYSE:FTI) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Reinhart Partners Inc, which manages about $4.85 billion and $1.09B US Long portfolio, upped its stake in Entergy (NYSE:ETR) by 95,193 shares to 318,631 shares, valued at $23.41M in 2016Q4, according to the filing. It also increased its holding in Northern Trust (NASDAQ:NTRS) by 257,790 shares in the quarter, for a total of 261,890 shares, and has risen its stake in Brinker Intl Inc (NYSE:EAT).

Investors wait TechnipFMC plc Ordinary Share (NYSE:FTI) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.37 EPS, up $0.15 or 68.18 % from last year’s $0.22 same quarter earnings. This translates into $176.99 million profit for FTI giving the stock a 17.95 P/E. This is assuming the current $0.37 EPS is accurate. TechnipFMC plc Ordinary Share’s Wall Street analysts see -47.89 % negative EPS growth, taking into account the $0.71 EPS reproted in the previous quarter,

TechnipFMC plc Ordinary Share (NYSE:FTI) Ratings Coverage

Among 26 analysts covering FMC Technologies (NYSE:FTI), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. FMC Technologies had 60 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of TechnipFMC plc Ordinary Share (NYSE:FTI) earned “Equal-Weight” rating by Barclays Capital on Friday, May 20. The company was downgraded on Monday, October 26 by Seaport Global Securities. The firm has “Neutral” rating given on Friday, September 4 by Credit Suisse. The stock of TechnipFMC plc Ordinary Share (NYSE:FTI) earned “Hold” rating by Deutsche Bank on Friday, July 31. The firm has “Outperform” rating given on Wednesday, January 25 by Credit Suisse. The stock of TechnipFMC plc Ordinary Share (NYSE:FTI) has “Hold” rating given on Friday, June 2 by RBC Capital Markets. The rating was upgraded by Bernstein on Tuesday, May 16 to “Market Perform”. The firm has “Buy” rating by Goldman Sachs given on Tuesday, January 24. The stock of TechnipFMC plc Ordinary Share (NYSE:FTI) has “Market Perform” rating given on Thursday, July 23 by FBR Capital. The rating was upgraded by Guggenheim on Monday, November 30 to “Buy”.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.