1832 Asset Management L.P. Has $646,000 Stake in TechnipFMC plc (NYSE:FTI)

1832 Asset Management L.P. reduced its holdings in TechnipFMC plc (NYSE:FTIFree Report) by 47.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,090 shares of the oil and gas company’s stock after selling 28,483 shares during the quarter. 1832 Asset Management L.P.’s holdings in TechnipFMC were worth $646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTI. Parkside Financial Bank & Trust bought a new stake in shares of TechnipFMC during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new position in TechnipFMC during the fourth quarter worth $33,000. Harvest Fund Management Co. Ltd acquired a new position in TechnipFMC during the fourth quarter worth $45,000. Systematic Alpha Investments LLC bought a new stake in TechnipFMC during the third quarter worth $146,000. Finally, KBC Group NV acquired a new stake in TechnipFMC in the fourth quarter valued at $163,000. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Up 2.6 %

FTI stock opened at $24.91 on Tuesday. TechnipFMC plc has a 52 week low of $14.23 and a 52 week high of $27.30. The business has a 50-day simple moving average of $25.95 and a 200 day simple moving average of $22.62. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market cap of $10.74 billion, a PE ratio of 53.00 and a beta of 1.58.

TechnipFMC (NYSE:FTIGet Free Report) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The firm’s revenue was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that TechnipFMC plc will post 1.18 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. TechnipFMC’s dividend payout ratio is currently 42.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FTI. Bank of America upped their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Benchmark restated a “buy” rating and issued a $30.00 price objective on shares of TechnipFMC in a research note on Friday, April 26th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Sunday, April 28th. TD Cowen boosted their target price on TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target for the company. in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.21.

Get Our Latest Research Report on TechnipFMC

TechnipFMC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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