Jacobs Levy Equity Management Inc. Has $60.22 Million Stake in TechnipFMC plc (NYSE:FTI)

Jacobs Levy Equity Management Inc. raised its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,080,672 shares of the oil and gas company's stock after buying an additional 385,913 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.49% of TechnipFMC worth $60,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its stake in TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after buying an additional 357 shares during the period. Sigma Planning Corp lifted its stake in TechnipFMC by 3.3% in the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock valued at $334,000 after buying an additional 363 shares during the period. GAMMA Investing LLC lifted its stake in TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock valued at $66,000 after buying an additional 414 shares during the period. Ballentine Partners LLC lifted its stake in TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock valued at $337,000 after buying an additional 423 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. The trade was a 23.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays increased their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Piper Sandler increased their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Susquehanna lowered their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. StockNews.com downgraded TechnipFMC from a "hold" rating to a "sell" rating in a report on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

TechnipFMC Stock Down 0.7%

Shares of FTI stock traded down $0.22 on Friday, hitting $31.33. 2,841,246 shares of the stock were exchanged, compared to its average volume of 4,018,272. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $13.13 billion, a P/E ratio of 20.61 and a beta of 0.98. The business has a 50-day moving average of $28.11 and a 200 day moving average of $29.28. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. TechnipFMC's dividend payout ratio is 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.