Robeco Institutional Asset Management B.V. Has $7.15 Million Holdings in TechnipFMC plc $FTI

Key Points

• Robeco Institutional Asset Management raised its stake in TechnipFMC by 11.1% in Q4 to 160,524 shares valued at $7.153 million, and institutional investors now hold 96.58% of the company's stock.
• Significant insider selling has occurred recently—insiders sold 1,216,442 shares worth $75.76 million in the last 90 days, including Jonathan Landes (116,194 shares) and CFO Alf Melin (83,721 shares) on March 9.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $61.73, while FTI trades at $72.10 after reporting a quarterly EPS beat of $0.70 versus $0.51 consensus.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,524 shares of the oil and gas company's stock after purchasing an additional 16,011 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in TechnipFMC were worth $7,153,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. AE Wealth Management LLC lifted its holdings in shares of TechnipFMC by 38.0% during the third quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company's stock worth $7,243,000 after purchasing an additional 50,593 shares during the period. Lingohr Asset Management GmbH lifted its holdings in shares of TechnipFMC by 461.7% during the third quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company's stock worth $8,375,000 after purchasing an additional 174,500 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of TechnipFMC by 80.6% during the third quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company's stock worth $125,144,000 after purchasing an additional 1,415,621 shares during the period. Rothschild Investment LLC lifted its holdings in shares of TechnipFMC by 25,468.9% during the third quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company's stock worth $454,000 after purchasing an additional 11,461 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of TechnipFMC by 8.4% during the third quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company's stock worth $12,053,000 after purchasing an additional 23,600 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Activity

In other news, insider Jonathan Landes sold 116,194 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the transaction, the insider owned 71,356 shares in the company, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alf Melin sold 83,721 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 282,537 shares in the company, valued at $17,469,262.71. This represents a 22.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,216,442 shares of company stock valued at $75,762,414. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FTI shares. Wall Street Zen lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Weiss Ratings restated a "buy (b)" rating on shares of TechnipFMC in a report on Thursday, January 22nd. BMO Capital Markets boosted their target price on shares of TechnipFMC from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Monday, February 23rd. Zacks Research upgraded shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Friday, January 23rd. Finally, Piper Sandler boosted their target price on shares of TechnipFMC from $70.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $61.73.

TechnipFMC Price Performance

FTI stock opened at $72.10 on Thursday. The firm has a market cap of $28.95 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.48 and a beta of 0.71. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 12-month low of $24.36 and a 12-month high of $75.52. The company's fifty day simple moving average is $66.23 and its 200 day simple moving average is $52.39.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share for the quarter, beating 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 firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

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

TechnipFMC 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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