Boston Partners cut its holdings in TechnipFMC plc (NYSE:FTI – Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,736,346 shares of the oil and gas company’s stock after selling 125,636 shares during the quarter. Boston Partners’ holdings in TechnipFMC were worth $433,998,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in FTI. Harbor Investment Advisory LLC purchased a new stake in shares of TechnipFMC in the fourth quarter valued at about $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of TechnipFMC in the third quarter valued at about $32,000. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% in the first 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TechnipFMC in the fourth quarter valued at about $41,000. Finally, Torren Management LLC purchased a new stake in shares of TechnipFMC in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.
Analyst Ratings Changes
FTI has been the topic of several analyst reports. Weiss Ratings raised shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Royal Bank Of Canada upped their price target on shares of TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and an average target price of $69.71.
Insider Buying and Selling at TechnipFMC
In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total transaction of $440,182.00. Following the sale, the director directly owned 59,887 shares of the company’s stock, valued at approximately $4,151,366.84. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
TechnipFMC Price Performance
Shares of FTI stock opened at $70.70 on Friday. TechnipFMC plc has a twelve month low of $31.88 and a twelve month high of $77.78. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $28.19 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.69. The firm has a fifty day simple moving average of $71.67 and a 200-day simple moving average of $61.15.
TechnipFMC (NYSE:FTI – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that TechnipFMC plc will post 2.98 earnings per share for the current fiscal 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 paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, May 19th. TechnipFMC’s dividend payout ratio is 7.63%.
About TechnipFMC
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.
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