25,014 Shares in Fuel Tech, Inc. (NASDAQ:FTEK) Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Fuel Tech, Inc. (NASDAQ:FTEK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,014 shares of the industrial products company’s stock, valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. owned 0.08% of Fuel Tech as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FTEK. Jane Street Group LLC grew its stake in Fuel Tech by 107.3% during the third quarter. Jane Street Group LLC now owns 22,731 shares of the industrial products company’s stock worth $27,000 after buying an additional 11,765 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Fuel Tech during the first quarter worth approximately $32,000. Two Sigma Securities LLC purchased a new stake in Fuel Tech during the second quarter worth approximately $32,000. Virtu Financial LLC grew its stake in Fuel Tech by 150.2% during the fourth quarter. Virtu Financial LLC now owns 26,898 shares of the industrial products company’s stock worth $34,000 after buying an additional 16,147 shares during the period. Finally, Susquehanna International Group LLP grew its stake in Fuel Tech by 19.2% during the fourth quarter. Susquehanna International Group LLP now owns 70,877 shares of the industrial products company’s stock worth $90,000 after buying an additional 11,437 shares during the period. 20.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FTEK. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Fuel Tech in a research note on Wednesday, March 13th. StockNews.com began coverage on shares of Fuel Tech in a research note on Tuesday. They issued a “hold” rating for the company.

Fuel Tech Stock Performance

Shares of FTEK stock opened at $1.12 on Friday. The firm has a fifty day simple moving average of $1.15 and a 200-day simple moving average of $1.09. Fuel Tech, Inc. has a twelve month low of $0.96 and a twelve month high of $1.83.

Fuel Tech (NASDAQ:FTEK) last posted its quarterly earnings results on Monday, March 11th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $6.35 million for the quarter, compared to analysts’ expectations of $6.90 million. Fuel Tech had a negative net margin of 5.68% and a negative return on equity of 3.49%. As a group, equities analysts predict that Fuel Tech, Inc. will post -0.03 earnings per share for the current fiscal year.

About Fuel Tech

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.