TechnipFMC plc (NYSE:FTI) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 426.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 113,267 shares of the oil and gas company's stock after purchasing an additional 91,761 shares during the quarter. Aquatic Capital Management LLC's holdings in TechnipFMC were worth $3,278,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FTI. Morse Asset Management Inc increased its position in shares of TechnipFMC by 1.9% during the 3rd quarter. Morse Asset Management Inc now owns 67,575 shares of the oil and gas company's stock valued at $1,772,000 after purchasing an additional 1,245 shares during the last quarter. Franklin Resources Inc. grew its position in TechnipFMC by 23.0% in the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after acquiring an additional 679,748 shares during the last quarter. GAMMA Investing LLC grew its position in TechnipFMC by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock valued at $66,000 after acquiring an additional 414 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in TechnipFMC in the 4th quarter valued at $4,088,000. Finally, Diversified Trust Co grew its position in TechnipFMC by 68.9% in the 4th quarter. Diversified Trust Co now owns 61,281 shares of the oil and gas company's stock valued at $1,773,000 after acquiring an additional 24,989 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.86 during trading hours on Thursday, hitting $29.03. 3,829,934 shares of the company were exchanged, compared to its average volume of 3,984,590. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of 19.10 and a beta of 1.11. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The company's 50 day moving average price is $27.43 and its 200-day moving average price is $28.91.

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

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is presently 10.53%.

Insider Activity

In other news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Light sold 10,147 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now directly owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock valued at $1,651,665 in the last ninety days. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on FTI. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Monday. Evercore ISI upped their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Susquehanna lowered their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Barclays upped their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.83.

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.