Universal Beteiligungs und Servicegesellschaft mbH Purchases 64,751 Shares of TechnipFMC plc (NYSE:FTI)

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,534 shares of the oil and gas company's stock after buying an additional 64,751 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of TechnipFMC worth $15,450,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its stake in TechnipFMC by 64.0% during the first quarter. Allianz Asset Management GmbH now owns 19,497 shares of the oil and gas company's stock worth $618,000 after purchasing an additional 7,612 shares during the last quarter. IFP Advisors Inc lifted its stake in TechnipFMC by 1,098.0% during the first quarter. IFP Advisors Inc now owns 4,708 shares of the oil and gas company's stock worth $149,000 after purchasing an additional 4,315 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake in TechnipFMC by 29.7% during the first quarter. Impact Partnership Wealth LLC now owns 11,630 shares of the oil and gas company's stock worth $369,000 after purchasing an additional 2,663 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in TechnipFMC by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock worth $238,000 after purchasing an additional 362 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in TechnipFMC by 2.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,952,064 shares of the oil and gas company's stock worth $315,381,000 after purchasing an additional 202,599 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the subject of several recent analyst reports. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday. 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. Susquehanna set a $45.00 price target on TechnipFMC and gave the company a "positive" rating in a research note on Friday. Sanford C. Bernstein cut TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research note on Thursday, May 22nd. Finally, Citigroup reiterated a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Three equities 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Trading Up 1.7%

NYSE FTI traded up $0.64 on Monday, reaching $37.09. The company had a trading volume of 934,747 shares, compared to its average volume of 4,518,639. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.22 and a beta of 1.07. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $38.05. The business has a 50 day moving average of $33.36 and a two-hundred day moving average of $30.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86.

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

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is presently 9.43%.

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.