US Bancorp DE raised its position in shares of Fuel Tech, Inc. (NASDAQ:FTEK) by 65.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,299 shares of the industrial products company’s stock after buying an additional 97,295 shares during the period. US Bancorp DE owned approximately 1.05% of Fuel Tech worth $251,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in FTEK. Perritt Capital Management Inc. increased its position in shares of Fuel Tech by 1.3% in the fourth quarter. Perritt Capital Management Inc. now owns 474,950 shares of the industrial products company’s stock worth $546,000 after buying an additional 6,200 shares during the period. Renaissance Technologies LLC increased its position in shares of Fuel Tech by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 508,404 shares of the industrial products company’s stock worth $585,000 after buying an additional 59,331 shares during the period. Finally, Grace & White Inc. NY increased its position in shares of Fuel Tech by 9.9% in the first quarter. Grace & White Inc. NY now owns 1,234,690 shares of the industrial products company’s stock worth $1,259,000 after buying an additional 111,519 shares during the period. Hedge funds and other institutional investors own 25.01% of the company’s stock.
Fuel Tech, Inc. (NASDAQ:FTEK) opened at 0.918 on Friday. The company’s market cap is $21.80 million. The firm has a 50-day moving average price of $0.85 and a 200-day moving average price of $1.07. Fuel Tech, Inc. has a 52 week low of $0.75 and a 52 week high of $1.80.
Fuel Tech (NASDAQ:FTEK) last posted its earnings results on Tuesday, March 14th. The industrial products company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.11. The business had revenue of $9.57 million during the quarter. Fuel Tech had a negative return on equity of 23.03% and a negative net margin of 35.70%. Equities research analysts anticipate that Fuel Tech, Inc. will post ($0.42) EPS for the current fiscal year.
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Fuel Tech Company Profile
Fuel Tech, Inc is a technology company. The Company is engaged in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion.
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