TechnipFMC plc (NYSE:FTI) Shares Acquired by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lifted its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,341,129 shares of the oil and gas company's stock after acquiring an additional 280,304 shares during the quarter. Alyeska Investment Group L.P. owned 0.32% of TechnipFMC worth $38,812,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays raised their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Evercore ISI lifted 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. Piper Sandler increased their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Susquehanna reduced their price objective 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. Finally, StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.83.

Insiders Place Their Bets

In related news, CAO David Light sold 10,147 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the sale, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock worth $1,651,665 in the last quarter. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Trading Down 0.2 %

Shares of TechnipFMC stock traded down $0.06 during trading hours on Tuesday, reaching $29.20. The stock had a trading volume of 3,647,631 shares, compared to its average volume of 3,996,264. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 19.21 and a beta of 0.98. The firm has a 50 day simple moving average of $27.52 and a two-hundred day simple moving average of $29.01.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 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 business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the business posted $0.22 EPS. The business's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

About TechnipFMC

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.