TechnipFMC plc (NYSE:FTI) Stock Holdings Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in TechnipFMC plc (NYSE:FTI) by 22.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,080,672 shares of the oil and gas company’s stock after purchasing an additional 385,913 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in TechnipFMC were worth $60,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FTI. Janus Henderson Group PLC grew its position in shares of TechnipFMC by 2.3% during the 4th quarter. Janus Henderson Group PLC now owns 193,836 shares of the oil and gas company’s stock valued at $5,611,000 after buying an additional 4,300 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of TechnipFMC by 5.3% during the 4th quarter. Gotham Asset Management LLC now owns 377,109 shares of the oil and gas company’s stock valued at $10,914,000 after buying an additional 19,076 shares during the last quarter. Focus Partners Wealth boosted its stake in TechnipFMC by 132.5% during the 4th quarter. Focus Partners Wealth now owns 18,959 shares of the oil and gas company’s stock valued at $549,000 after purchasing an additional 10,806 shares during the period. Deutsche Bank AG boosted its stake in TechnipFMC by 92.5% during the 4th quarter. Deutsche Bank AG now owns 2,777,040 shares of the oil and gas company’s stock valued at $80,368,000 after purchasing an additional 1,334,555 shares during the period. Finally, Driehaus Capital Management LLC boosted its stake in TechnipFMC by 19.5% during the 4th quarter. Driehaus Capital Management LLC now owns 1,687,435 shares of the oil and gas company’s stock valued at $48,834,000 after purchasing an additional 275,709 shares during the period. Institutional investors own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FTI shares. Evercore ISI upped their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Barclays increased their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Finally, Susquehanna cut their target price on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

TechnipFMC Stock Up 0.7%

FTI stock opened at $29.90 on Monday. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $33.45. The company’s 50 day simple moving average is $27.60 and its 200-day simple moving average is $29.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a market capitalization of $12.53 billion, a P/E ratio of 19.67 and a beta of 0.98.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.67%. TechnipFMC’s dividend payout ratio is presently 10.53%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the transaction, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. This represents a 23.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Company 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.