Emerald Mutual Fund Advisers Trust Makes New $242,000 Investment in TechnipFMC plc (NYSE:FTI)

Emerald Mutual Fund Advisers Trust acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,347 shares of the oil and gas company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FTI. Smartleaf Asset Management LLC lifted its position in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC during the fourth quarter worth about $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC during the fourth quarter worth about $46,000. EverSource Wealth Advisors LLC grew its holdings in TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 563 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Insider Activity at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO David Light sold 10,147 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares of the company’s stock, 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. Over the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by company insiders.

TechnipFMC Price Performance

Shares of FTI opened at $28.80 on Wednesday. The firm has a fifty day simple moving average of $27.45 and a two-hundred day simple moving average of $28.92. The firm has a market cap of $12.11 billion, a PE ratio of 18.95 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. On average, equities analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, May 20th. TechnipFMC’s payout ratio is 10.53%.

Analysts Set New Price Targets

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

About TechnipFMC

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.