TechnipFMC plc (NYSE:FTI) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its holdings in TechnipFMC plc (NYSE:FTIGet Rating) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,785 shares of the oil and gas company’s stock after acquiring an additional 6,417 shares during the period. Raymond James & Associates’ holdings in TechnipFMC were worth $2,528,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in shares of TechnipFMC by 773.8% in the second quarter. JFS Wealth Advisors LLC now owns 3,836 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 3,397 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of TechnipFMC in the second quarter valued at $28,000. Allworth Financial LP boosted its stake in shares of TechnipFMC by 35.7% in the third quarter. Allworth Financial LP now owns 4,987 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 1,313 shares during the period. Zions Bancorporation N.A. purchased a new position in shares of TechnipFMC in the first quarter valued at $58,000. Finally, Captrust Financial Advisors boosted its stake in shares of TechnipFMC by 65.1% in the second quarter. Captrust Financial Advisors now owns 7,461 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 2,943 shares during the period. Institutional investors and hedge funds own 94.52% of the company’s stock.

TechnipFMC Stock Up 3.6 %

Shares of NYSE:FTI opened at $13.03 on Friday. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -26.06 and a beta of 1.76. TechnipFMC plc has a 1-year low of $5.47 and a 1-year high of $13.20. The company’s fifty day moving average is $12.10 and its two-hundred day moving average is $9.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.27.

TechnipFMC (NYSE:FTIGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The oil and gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). TechnipFMC had a negative return on equity of 1.42% and a negative net margin of 3.46%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.75 billion. Equities analysts anticipate that TechnipFMC plc will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FTI shares. Barclays upgraded shares of TechnipFMC from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $9.00 to $14.00 in a research note on Thursday, October 6th. Citigroup upped their target price on shares of TechnipFMC to $12.40 in a research note on Tuesday, November 15th. Piper Sandler increased their price objective on shares of TechnipFMC from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. StockNews.com initiated coverage on shares of TechnipFMC in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Benchmark initiated coverage on shares of TechnipFMC in a research note on Thursday. They set a “buy” rating and a $15.00 price objective on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and a consensus target price of $12.95.

TechnipFMC Company Profile

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TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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.

See Also

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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