UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $36.11 Million Stock Holdings in TechnipFMC plc $FTI

Key Points

• UBS Asset Management Americas LLC increased its stake in TechnipFMC plc by 4.9% during the first quarter, now owning approximately $36.11 million worth of shares.
• TechnipFMC reported earnings of $0.68 per share for the last quarter, exceeding analysts' estimates and showing a 9.0% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.05 per share, resulting in an annual yield of 0.5%, and a payout ratio of 9.43%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,139,326 shares of the oil and gas company's stock after acquiring an additional 53,206 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.27% of TechnipFMC worth $36,105,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its position in shares of TechnipFMC by 22.3% during the fourth quarter. Cetera Investment Advisers now owns 27,328 shares of the oil and gas company's stock valued at $791,000 after buying an additional 4,979 shares during the last quarter. Focus Partners Wealth raised its stake in shares of TechnipFMC by 132.5% in the fourth quarter. Focus Partners Wealth now owns 18,959 shares of the oil and gas company's stock worth $549,000 after acquiring an additional 10,806 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in TechnipFMC by 2.3% in the fourth quarter. Janus Henderson Group PLC now owns 193,836 shares of the oil and gas company's stock valued at $5,611,000 after buying an additional 4,300 shares during the period. State of Wyoming lifted its holdings in TechnipFMC by 88.5% in the fourth quarter. State of Wyoming now owns 21,840 shares of the oil and gas company's stock valued at $632,000 after buying an additional 10,254 shares during the period. Finally, Tidal Investments LLC lifted its holdings in TechnipFMC by 4.1% in the fourth quarter. Tidal Investments LLC now owns 59,827 shares of the oil and gas company's stock valued at $1,731,000 after buying an additional 2,330 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Stock Up 0.4%

Shares of NYSE FTI traded up $0.16 during trading on Friday, hitting $39.39. 12,330,290 shares of the company traded hands, compared to its average volume of 7,650,975. The business's fifty day moving average is $36.41 and its 200 day moving average is $32.31. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.29. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.26 and a beta of 1.10. 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is presently 9.43%.

Insider Buying and Selling

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction dated Friday, July 25th. The shares were 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 approximately $2,337,743.36. The trade was a 12.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FTI has been the subject of several recent research reports. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Susquehanna boosted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Citigroup restated a "buy" rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, Evercore ISI raised their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.92.

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.