Los Angeles Capital Management LLC Decreases Stake in TechnipFMC plc (NYSE:FTI)

Los Angeles Capital Management LLC lessened its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 53.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,851 shares of the oil and gas company's stock after selling 231,550 shares during the quarter. Los Angeles Capital Management LLC's holdings in TechnipFMC were worth $4,025,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FTI. State Board of Administration of Florida Retirement System lifted its stake in TechnipFMC by 0.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company's stock valued at $2,571,000 after acquiring an additional 660 shares in the last quarter. Fulton Bank N.A. increased its position in shares of TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company's stock valued at $217,000 after acquiring an additional 683 shares during the last quarter. Janney Capital Management LLC lifted its holdings in TechnipFMC by 2.8% during the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company's stock worth $546,000 after acquiring an additional 722 shares during the period. Dfpg Investments LLC boosted its position in TechnipFMC by 2.4% in the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company's stock worth $623,000 after purchasing an additional 738 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of TechnipFMC by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 192,800 shares of the oil and gas company's stock valued at $3,922,000 after purchasing an additional 980 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the sale, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FTI has been the subject of a number of research reports. Benchmark reissued a "buy" rating and set a $30.00 target price on shares of TechnipFMC in a research report on Friday, April 26th. Piper Sandler raised their target price on TechnipFMC from $30.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays increased their price target on TechnipFMC from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, April 29th. 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 report on Monday, April 15th. Finally, StockNews.com upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Sunday, April 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and an average target price of $27.21.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.39 during trading hours on Monday, reaching $26.35. The company had a trading volume of 3,002,200 shares, compared to its average volume of 4,633,701. The firm's 50 day moving average price is $24.74 and its 200-day moving average price is $21.75. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 56.02 and a beta of 1.62. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. TechnipFMC plc has a 52 week low of $13.11 and a 52 week high of $27.26.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. TechnipFMC's quarterly revenue was up 18.9% on a year-over-year basis. On average, analysts forecast that TechnipFMC plc will post 1.16 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. TechnipFMC's dividend payout ratio is currently 42.55%.

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.