TechnipFMC plc (NYSE:FTI) is Stephens Investment Management Group LLC's 7th Largest Position

Stephens Investment Management Group LLC boosted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,439,595 shares of the oil and gas company's stock after acquiring an additional 27,884 shares during the quarter. TechnipFMC comprises 1.6% of Stephens Investment Management Group LLC's holdings, making the stock its 7th largest holding. Stephens Investment Management Group LLC owned approximately 0.82% of TechnipFMC worth $109,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in shares of TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after buying an additional 4,314 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of TechnipFMC by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock valued at $46,360,000 after buying an additional 8,823 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of TechnipFMC in the 1st quarter valued at $205,000. Raymond James Financial Inc. purchased a new stake in shares of TechnipFMC in the 4th quarter valued at $9,152,000. Finally, New York State Teachers Retirement System purchased a new stake in TechnipFMC during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 96.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on FTI. Royal Bank Of Canada restated an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Barclays upped their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen cut TechnipFMC from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. BTIG Research cut TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, Susquehanna upped their price objective on TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 1st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.31.

TechnipFMC Stock Performance

FTI traded down $1.21 on Wednesday, hitting $32.95. 5,572,798 shares of the company traded hands, compared to its average volume of 4,128,504. The company has a 50 day moving average of $32.92 and a 200-day moving average of $30.39. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $13.82 billion, a PE ratio of 17.34, a PEG ratio of 1.15 and a beta of 1.07. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $35.86.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. Sell-side analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, May 20th. TechnipFMC's payout ratio is currently 10.53%.

TechnipFMC Company 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.