Los Angeles Capital Management LLC Sells 287,423 Shares of TechnipFMC plc (NYSE:FTI)

Los Angeles Capital Management LLC reduced its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 28.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 733,073 shares of the oil and gas company's stock after selling 287,423 shares during the quarter. Los Angeles Capital Management LLC owned 0.17% of TechnipFMC worth $23,231,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in TechnipFMC in the 1st quarter worth about $33,000. Westpac Banking Corp bought a new position in TechnipFMC in the 4th quarter worth about $55,000. Quarry LP increased its stake in TechnipFMC by 95.9% in the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock worth $74,000 after acquiring an additional 1,248 shares during the last quarter. GAMMA Investing LLC increased its stake in TechnipFMC by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after acquiring an additional 614 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in TechnipFMC by 346.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock worth $92,000 after acquiring an additional 2,219 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTI has been the topic of several recent research reports. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Citigroup restated a "buy" rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. Finally, Barclays increased their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Four research 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. According to MarketBeat.com, TechnipFMC currently has a consensus rating of "Moderate Buy" and an average target price of $37.31.

TechnipFMC Trading Up 11.1%

NYSE FTI traded up $3.71 on Thursday, hitting $37.30. The company's stock had a trading volume of 4,462,906 shares, compared to its average volume of 4,499,962. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $37.66. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company's 50-day simple moving average is $33.09 and its 200 day simple moving average is $30.48. The firm has a market cap of $15.64 billion, a P/E ratio of 19.63, a PEG ratio of 1.09 and a beta of 1.07.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts predict 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, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC's payout ratio 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.