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

Raymond James & Associates lifted its position in shares of TechnipFMC plc (NYSE:FTI – Get Rating) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,356 shares of the oil and gas company’s stock after purchasing an additional 39,571 shares during the quarter. Raymond James & Associates owned 0.08% of TechnipFMC worth $4,125,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UBS Group AG increased its holdings in TechnipFMC by 12.9% in the fourth quarter. UBS Group AG now owns 46,871 shares of the oil and gas company’s stock valued at $571,000 after buying an additional 5,362 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of TechnipFMC by 742.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,764,097 shares of the oil and gas company’s stock valued at $33,694,000 after purchasing an additional 2,435,945 shares in the last quarter. California Public Employees Retirement System boosted its position in TechnipFMC by 0.6% during the fourth quarter. California Public Employees Retirement System now owns 1,036,278 shares of the oil and gas company’s stock worth $12,632,000 after purchasing an additional 6,271 shares in the last quarter. Swiss National Bank boosted its position in TechnipFMC by 1.8% during the fourth quarter. Swiss National Bank now owns 1,037,300 shares of the oil and gas company’s stock worth $12,645,000 after purchasing an additional 18,600 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $131,000. 94.52% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

NYSE:FTI opened at $14.35 on Thursday. The company’s 50-day moving average is $13.46 and its two-hundred day moving average is $13.10. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of -143.50 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.93. TechnipFMC plc has a 1-year low of $5.47 and a 1-year high of $16.03.

TechnipFMC (NYSE:FTI – Get Rating) last posted its earnings results on Thursday, February 23rd. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.08). TechnipFMC had a positive return on equity of 0.04% and a negative net margin of 0.66%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned ($0.12) EPS. TechnipFMC’s revenue was up 11.2% compared to the same quarter last year. Analysts forecast that TechnipFMC plc will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FTI. BTIG Research lifted their price target on shares of TechnipFMC from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, February 24th. StockNews.com began coverage on shares of TechnipFMC in a research report on Thursday, May 18th. They set a “hold” rating for the company. Barclays lifted their price objective on TechnipFMC from $14.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, February 27th. Piper Sandler reduced their target price on TechnipFMC from $19.00 to $18.00 in a report on Monday, May 1st. Finally, Citigroup increased their price objective on TechnipFMC from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, TechnipFMC has a consensus rating of “Moderate Buy” and a consensus target price of $16.10.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 22,208 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $15.10, for a total value of $335,340.80. Following the sale, the director now directly owns 107,092 shares of the company’s stock, valued at approximately $1,617,089.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.

TechnipFMC Company Profile

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TechnipFMC plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.