Calamos Wealth Management LLC Sells 17,230 Shares of TechnipFMC plc $FTI

Calamos Wealth Management LLC lessened its position in TechnipFMC plc (NYSE:FTI - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,792 shares of the oil and gas company's stock after selling 17,230 shares during the period. Calamos Wealth Management LLC's holdings in TechnipFMC were worth $2,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of TechnipFMC by 34.0% in the 3rd quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company's stock valued at $525,339,000 after acquiring an additional 3,378,159 shares during the period. State Street Corp grew its position in shares of TechnipFMC by 62.2% in the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company's stock valued at $508,276,000 after acquiring an additional 4,938,498 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TechnipFMC by 2.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company's stock worth $409,262,000 after buying an additional 232,491 shares during the period. Boston Partners boosted its holdings in shares of TechnipFMC by 2.0% during the 3rd quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company's stock worth $389,018,000 after buying an additional 192,549 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of TechnipFMC by 184.0% during the 3rd quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company's stock worth $189,460,000 after buying an additional 3,111,399 shares during the period. Institutional investors own 96.58% of the company's stock.

Wall Street Analyst Weigh In

FTI has been the subject of several research analyst reports. Zacks Research raised shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Friday, January 23rd. Piper Sandler lifted their target price on shares of TechnipFMC from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, April 15th. Royal Bank Of Canada lifted their target price on shares of TechnipFMC from $47.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Susquehanna lifted their target price on shares of TechnipFMC from $82.00 to $83.00 and gave the stock a "positive" rating in a report on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of TechnipFMC from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.73.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $74.86 on Friday. TechnipFMC plc has a twelve month low of $27.23 and a twelve month high of $75.52. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $67.94 and a two-hundred day simple moving average of $53.91. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.54 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The business's revenue was up 6.3% on a year-over-year basis. Analysts forecast that TechnipFMC plc will post 2.92 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC's payout ratio is 8.66%.

Insider Buying and Selling

In other news, insider Jonathan Landes sold 116,194 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were 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 directly owned 71,356 shares in the company, valued at approximately $4,438,343.20. The trade was a 61.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alf Melin sold 83,721 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $61.83, for a total transaction of $5,176,469.43. Following the completion of the transaction, the chief financial officer owned 282,537 shares of the company's stock, valued at $17,469,262.71. The trade was a 22.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,216,442 shares of company stock worth $75,762,414. 1.40% of the stock is owned by company insiders.

TechnipFMC Company Profile

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.

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