Townsquare Capital LLC Increases Holdings in TechnipFMC plc (NYSE:FTI)

Key Points

• Townsquare Capital LLC increased its holdings in TechnipFMC by 8.7% during the 1st quarter, owning 238,130 shares valued at approximately $7.5 million.
• TechnipFMC reported an EPS of $0.68 for the last quarter, exceeding analysts' expectations, and experienced a year-over-year revenue increase of 9.0%.
• The company announced a quarterly dividend of $0.05 per share, reflecting a 0.6% yield and a payout ratio of 9.43%.

Townsquare Capital LLC boosted its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 8.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 238,130 shares of the oil and gas company's stock after purchasing an additional 19,116 shares during the quarter. Townsquare Capital LLC owned about 0.06% of TechnipFMC worth $7,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FTI. Diversify Advisory Services LLC grew its position in shares of TechnipFMC by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock worth $238,000 after buying an additional 362 shares during the last quarter. Acuitas Investments LLC grew its holdings in TechnipFMC by 13.4% in the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV increased its position in shares of TechnipFMC by 2.4% during the first quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock worth $575,000 after purchasing an additional 429 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock valued at $91,000 after purchasing an additional 614 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of TechnipFMC by 7.7% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock worth $293,000 after purchasing an additional 657 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the transaction, the director directly 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 accessible through this hyperlink. Insiders own 1.80% of the company's stock.

TechnipFMC Stock Down 0.5%

FTI opened at $34.94 on Friday. The company has a fifty day moving average of $34.47 and a two-hundred day moving average of $30.81. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.15 and a beta of 1.04. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $38.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10.

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

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC's payout ratio is presently 9.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FTI shares. Royal Bank Of Canada increased their price target on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Barclays raised their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Susquehanna raised their target price on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

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.

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