Aster Capital Management DIFC Ltd Purchases Shares of 22,228 TechnipFMC plc (NYSE:FTI)

Aster Capital Management DIFC Ltd acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,228 shares of the oil and gas company’s stock, valued at approximately $643,000.

A number of other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in TechnipFMC in the 4th quarter worth about $46,000. Smartleaf Asset Management LLC raised its position in shares of TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in TechnipFMC during the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC increased its stake in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 563 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FTI shares. Piper Sandler increased their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a “buy” rating and a $38.00 target price on the stock. Evercore ISI lifted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Barclays upped their target price on TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Finally, StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.31.

Insider Activity

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares of the company’s stock, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,706 shares of company stock valued at $1,651,665. Company insiders own 1.80% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $25.10 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 52 week low of $22.99 and a 52 week high of $33.45. The firm has a market cap of $10.56 billion, a PE ratio of 16.52 and a beta of 1.11. The firm’s fifty day moving average is $29.38 and its 200-day moving average is $29.13.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

TechnipFMC Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.