TechnipFMC plc $FTI Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of TechnipFMC plc (NYSE:FTI) by 3,414.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 509,886 shares of the oil and gas company’s stock after acquiring an additional 495,378 shares during the period. SG Americas Securities LLC’s holdings in TechnipFMC were worth $22,721,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AE Wealth Management LLC increased its stake in TechnipFMC by 38.0% in the 3rd quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock worth $7,243,000 after purchasing an additional 50,593 shares in the last quarter. Lingohr Asset Management GmbH boosted its holdings in shares of TechnipFMC by 461.7% in the third quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock worth $8,375,000 after buying an additional 174,500 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of TechnipFMC by 80.6% in the third quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock worth $125,144,000 after buying an additional 1,415,621 shares during the period. Rothschild Investment LLC increased its position in shares of TechnipFMC by 25,468.9% in the third quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 11,461 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of TechnipFMC by 8.4% in the third quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock worth $12,053,000 after acquiring an additional 23,600 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FTI. BMO Capital Markets upped their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a research report on Monday, February 23rd. Susquehanna lifted their price objective on shares of TechnipFMC from $71.00 to $82.00 and gave the stock a “positive” rating in a research report on Wednesday. The Goldman Sachs Group boosted their target price on shares of TechnipFMC from $55.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and increased their target price for the company from $49.00 to $62.00 in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.20.

TechnipFMC Stock Performance

Shares of FTI opened at $70.47 on Friday. The company has a market capitalization of $28.30 billion, a PE ratio of 30.51, a PEG ratio of 1.30 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. The company’s 50 day moving average price is $61.49 and its 200 day moving average price is $49.18. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $71.49.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC’s dividend payout ratio is presently 8.66%.

Insider Activity at TechnipFMC

In other news, EVP Luana Duffe sold 47,951 shares of TechnipFMC stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the completion of the sale, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. The trade was a 37.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan Landes sold 116,194 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.20, for a total value of $7,227,266.80. Following the completion of the transaction, the insider owned 71,356 shares in the company, valued at $4,438,343.20. This represents a 61.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,216,442 shares of company stock worth $75,762,414. 1.80% of the stock is currently owned by corporate insiders.

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.