Los Angeles Capital Management LLC Grows Stock Holdings in TechnipFMC plc $FTI

Los Angeles Capital Management LLC grew its holdings in TechnipFMC plc (NYSE:FTIFree Report) by 1.4% during the 4th quarter, Holdings Channel reports. The fund owned 865,031 shares of the oil and gas company’s stock after purchasing an additional 11,736 shares during the period. Los Angeles Capital Management LLC’s holdings in TechnipFMC were worth $36,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FTI. Harbor Investment Advisory LLC purchased a new stake in shares of TechnipFMC in the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of TechnipFMC in the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TechnipFMC in the 4th quarter valued at $41,000. Finally, Torren Management LLC purchased a new stake in shares of TechnipFMC in the 4th quarter valued at $45,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

FTI opened at $66.76 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88. The firm has a fifty day moving average price of $71.66 and a 200 day moving average price of $60.36. TechnipFMC plc has a 1 year low of $31.88 and a 1 year high of $77.78. The stock has a market cap of $26.62 billion, a P/E ratio of 25.48, a P/E/G ratio of 1.44 and a beta of 0.69.

TechnipFMC (NYSE:FTIGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities research analysts anticipate that TechnipFMC plc will post 2.98 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s dividend payout ratio is currently 7.63%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Susquehanna boosted their target price on shares of TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Citigroup boosted their target price on shares of TechnipFMC from $48.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Barclays boosted their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

Check Out Our Latest Analysis on FTI

Insiders Place Their Bets

In other TechnipFMC news, CFO Alf Melin sold 43,554 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total transaction of $2,749,564.02. Following the completion of the transaction, the chief financial officer directly owned 238,983 shares in the company, valued at approximately $15,086,996.79. This represents a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rousset Sophie Zurquiyah sold 6,350 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the transaction, the director owned 59,887 shares of the company’s stock, valued at $4,151,366.84. This represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

TechnipFMC Company Profile

(Free Report)

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

Further Reading

Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TechnipFMC plc (NYSE:FTIFree Report).

Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter.