TechnipFMC plc (NYSE:FTI) Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 320.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,616 shares of the oil and gas company's stock after acquiring an additional 43,142 shares during the period. Cookson Peirce & Co. Inc.'s holdings in TechnipFMC were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FTI. Harbour Investments Inc. grew its holdings in TechnipFMC by 366.7% in the third quarter. Harbour Investments Inc. now owns 1,400 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 1,100 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of TechnipFMC during the third quarter valued at about $29,000. Tower Research Capital LLC TRC grew its holdings in shares of TechnipFMC by 199.5% during the third quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company's stock valued at $56,000 after buying an additional 4,404 shares during the last quarter. Systematic Alpha Investments LLC acquired a new position in shares of TechnipFMC during the third quarter valued at about $146,000. Finally, Zions Bancorporation N.A. acquired a new position in shares of TechnipFMC during the first quarter valued at about $58,000. Institutional investors and hedge funds own 96.58% of the company's stock.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of research reports. HSBC cut shares of TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price target for the company. in a research note on Friday, February 23rd. Benchmark reissued a "buy" rating and issued a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Bank of America upped their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the company a "buy" rating in a research note on Monday. Susquehanna reaffirmed a "positive" rating and issued a $27.00 price objective on shares of TechnipFMC in a research note on Monday, April 8th. Finally, Barclays upped their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.34.

Insider Buying and Selling at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now directly owns 103,982 shares of the company's stock, valued at $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by insiders.

TechnipFMC Stock Performance

Shares of FTI stock traded up $0.04 during midday trading on Wednesday, hitting $25.32. The company had a trading volume of 3,451,302 shares, compared to its average volume of 4,759,330. The company's 50 day simple moving average is $23.18 and its 200 day simple moving average is $21.23. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 210.63 and a beta of 1.65. TechnipFMC plc has a 52-week low of $12.64 and a 52-week high of $27.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The firm's quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Research analysts anticipate that TechnipFMC plc will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th. TechnipFMC's payout ratio is currently 166.67%.

TechnipFMC 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.