Universal Beteiligungs und Servicegesellschaft mbH Invests $12.24 Million in TechnipFMC plc (NYSE:FTI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 422,783 shares of the oil and gas company's stock, valued at approximately $12,235,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of TechnipFMC as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its stake in shares of TechnipFMC by 24.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after purchasing an additional 4,314 shares in the last quarter. Raymond James Financial Inc. bought a new stake in TechnipFMC during the 4th quarter valued at approximately $9,152,000. Charles Schwab Investment Management Inc. boosted its position in shares of TechnipFMC by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after acquiring an additional 249,719 shares during the period. Jones Financial Companies Lllp grew its position in TechnipFMC by 1,024.4% in the 4th quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock worth $415,000 after purchasing an additional 13,071 shares during the last quarter. Finally, Ninety One UK Ltd raised its position in shares of TechnipFMC by 69.7% during the fourth quarter. Ninety One UK Ltd now owns 813,016 shares of the oil and gas company's stock valued at $23,529,000 after buying an additional 333,897 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FTI. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Monday, April 28th. Susquehanna cut their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research report on Thursday, May 22nd. Finally, Barclays lifted their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Two equities research 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 company's stock. According to MarketBeat, TechnipFMC currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.46.

Insider Activity

In other TechnipFMC news, CAO David Light sold 10,147 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. This represents a 57.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. The trade was 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 valued at $1,651,665 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Stock Up 2.2%

TechnipFMC stock traded up $0.67 during midday trading on Tuesday, reaching $31.87. The stock had a trading volume of 3,219,719 shares, compared to its average volume of 4,517,927. TechnipFMC plc has a 1-year low of $22.11 and a 1-year high of $33.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm's fifty day simple moving average is $28.52 and its 200-day simple moving average is $29.48. The stock has a market capitalization of $13.36 billion, a P/E ratio of 20.97 and a beta of 1.06.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly 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 firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business earned $0.22 EPS. The business's revenue was up 9.4% compared to the same quarter last year. As a group, analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

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.