Los Angeles Capital Management LLC Boosts Stock Holdings in TechnipFMC plc $FTI

Los Angeles Capital Management LLC raised its holdings in shares of TechnipFMC plc (NYSE:FTI) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 865,031 shares of the oil and gas company’s stock after purchasing an additional 11,736 shares during the period. Los Angeles Capital Management LLC owned 0.21% of TechnipFMC worth $36,150,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FTI. Harbor Investment Advisory LLC purchased a new position in shares of TechnipFMC in the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. purchased a new position in shares of TechnipFMC in the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its position in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of TechnipFMC in the 4th quarter worth approximately $41,000. Finally, Torren Management LLC purchased a new position in shares of TechnipFMC in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Citigroup lifted their price objective on shares of TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Barclays lifted their price objective on shares of TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Evercore reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of TechnipFMC in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.71.

TechnipFMC Stock Down 0.1%

NYSE:FTI opened at $66.76 on Monday. The company has a market cap of $26.62 billion, a PE ratio of 25.48, a P/E/G ratio of 1.44 and a beta of 0.69. TechnipFMC plc has a twelve month low of $31.88 and a twelve month high of $77.78. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $71.66 and its two-hundred day moving average is $60.36.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. TechnipFMC’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Analysts anticipate that TechnipFMC plc will post 2.98 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 19th. TechnipFMC’s payout ratio is currently 7.63%.

Insider Activity at TechnipFMC

In other TechnipFMC news, CFO Alf Melin sold 43,554 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total transaction of $2,749,564.02. Following the sale, the chief financial officer owned 238,983 shares of the company’s stock, valued at approximately $15,086,996.79. The trade was a 15.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rousset Sophie Zurquiyah sold 6,350 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total transaction of $440,182.00. Following the completion of the sale, the director directly owned 59,887 shares in the company, valued at $4,151,366.84. This trade represents a 9.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by insiders.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.