Quantitative Investment Management LLC Buys New Position in TechnipFMC plc $FTI

Key Points

• Quantitative Investment Management LLC has acquired a stake of 19,604 shares in TechnipFMC plc, valued at around $621,000, during the first quarter.
• TechnipFMC reported a better-than-expected earnings per share of $0.68 for the last quarter, surpassing estimates significantly, and had a net margin of 9.60%.
• The company declared a quarterly dividend of $0.05 per share, with a low annualized dividend yield of 0.5% and a dividend payout ratio of 9.43%.

Quantitative Investment Management LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,604 shares of the oil and gas company's stock, valued at approximately $621,000.

Several other large investors also recently made changes to their positions in FTI. Ameriprise Financial Inc. grew its holdings in shares of TechnipFMC by 31.5% during the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after purchasing an additional 3,962,315 shares during the last quarter. Boston Partners grew its holdings in shares of TechnipFMC by 648.3% during the first quarter. Boston Partners now owns 2,630,793 shares of the oil and gas company's stock worth $83,281,000 after purchasing an additional 2,279,247 shares during the last quarter. Nuveen LLC bought a new stake in shares of TechnipFMC during the first quarter worth $64,217,000. AQR Capital Management LLC grew its holdings in shares of TechnipFMC by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock worth $119,602,000 after purchasing an additional 1,710,183 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in TechnipFMC by 92.5% in the fourth quarter. Deutsche Bank AG now owns 2,777,040 shares of the oil and gas company's stock valued at $80,368,000 after acquiring an additional 1,334,555 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on FTI. Evercore ISI raised their price target on TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, July 25th. BTIG Research cut TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Susquehanna raised their price target on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Citigroup reiterated a "buy" rating and issued a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Trading Down 0.8%

Shares of FTI traded down $0.28 during trading hours on Friday, reaching $36.78. The stock had a trading volume of 3,457,153 shares, compared to its average volume of 4,298,179. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $38.05. The firm has a 50-day moving average of $35.06 and a 200 day moving average of $31.27. The company has a market cap of $15.12 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.17 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.TechnipFMC's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. TechnipFMC's dividend payout ratio (DPR) is currently 9.43%.

Insider Activity at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the sale, the director owned 62,978 shares of the company's stock, valued at $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.