Gotham Asset Management LLC acquired a new position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 516,398 shares of the oil and gas company’s stock, valued at approximately $16,168,000. Gotham Asset Management LLC owned about 0.11% of TechnipFMC plc Ordinary Share at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FTI. Great West Life Assurance Co. Can boosted its holdings in TechnipFMC plc Ordinary Share by 70.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 1,783 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in TechnipFMC plc Ordinary Share by 153.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,949 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 2,392 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of TechnipFMC plc Ordinary Share during the 3rd quarter worth $190,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of TechnipFMC plc Ordinary Share during the 3rd quarter worth $192,000. Finally, Amalgamated Bank bought a new stake in shares of TechnipFMC plc Ordinary Share during the 4th quarter worth $215,000. 66.66% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Richard G. Alabaster sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $30.01, for a total transaction of $360,120.00. Following the sale, the insider now directly owns 54,028 shares in the company, valued at $1,621,380.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard A. Pattarozzi sold 18,500 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $30.83, for a total value of $570,355.00. Following the sale, the director now owns 80,581 shares in the company, valued at $2,484,312.23. The disclosure for this sale can be found here. Insiders sold a total of 47,150 shares of company stock worth $1,429,809 over the last 90 days. 0.86% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on FTI shares. Barclays reiterated a “hold” rating and set a $32.00 target price on shares of TechnipFMC plc Ordinary Share in a research note on Tuesday, February 27th. ValuEngine cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Griffin Securities reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Monday, December 4th. Cowen set a $35.00 target price on TechnipFMC plc Ordinary Share and gave the stock an “outperform” rating in a research note on Wednesday, December 13th. Finally, Scotiabank set a $33.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.64.
Shares of FTI stock opened at $29.70 on Wednesday. TechnipFMC plc Ordinary Share has a 52 week low of $24.53 and a 52 week high of $35.00. The stock has a market capitalization of $13,680.48, a PE ratio of 43.04, a P/E/G ratio of 7.38 and a beta of 0.91. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.
TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.24). TechnipFMC plc Ordinary Share had a net margin of 2.14% and a return on equity of 6.05%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s revenue was down 15.9% on a year-over-year basis. equities analysts anticipate that TechnipFMC plc Ordinary Share will post 1.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Tuesday, March 20th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 19th. TechnipFMC plc Ordinary Share’s dividend payout ratio is currently 75.36%.
TechnipFMC plc Ordinary Share Profile
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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