Stephens Investment Management Group LLC Has $109 Million Holdings in TechnipFMC plc (NYSE:FTI)

Stephens Investment Management Group LLC increased its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and 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 portfolio, making the stock its 7th biggest holding. Stephens Investment Management Group LLC owned 0.82% of TechnipFMC worth $109,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTI. Avantax Advisory Services Inc. boosted its stake in TechnipFMC by 24.5% in the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in TechnipFMC in the fourth quarter valued at about $9,152,000. New York State Teachers Retirement System acquired a new stake in TechnipFMC in the first quarter valued at about $33,000. Farther Finance Advisors LLC raised its position in TechnipFMC by 346.7% in the first quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock valued at $92,000 after purchasing an additional 2,219 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in TechnipFMC by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 88,101 shares of the oil and gas company's stock valued at $2,792,000 after purchasing an additional 6,947 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FTI has been the subject of several research reports. BTIG Research reiterated a "neutral" rating on shares of TechnipFMC in a research report on Monday. Citigroup reiterated a "buy" rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research report on Thursday. Susquehanna raised 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. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Thursday, May 22nd. Finally, Barclays raised 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. Four investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.31.

TechnipFMC Stock Down 2.3%

TechnipFMC stock traded down $0.81 during mid-day trading on Monday, reaching $34.85. The stock had a trading volume of 565,549 shares, compared to its average volume of 4,113,915. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $35.86. The stock's 50-day simple moving average is $32.64 and its 200-day simple moving average is $30.31. The firm has a market capitalization of $14.61 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07.

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

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.57%. TechnipFMC's dividend payout ratio (DPR) is currently 10.53%.

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.