Paloma Partners Management Co decreased its holdings in TechnipFMC plc Ordinary Share (NYSE:FTI) by 63.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,105 shares of the oil and gas company’s stock after selling 44,841 shares during the quarter. Paloma Partners Management Co’s holdings in TechnipFMC plc Ordinary Share were worth $818,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTI. American Century Companies Inc. raised its holdings in TechnipFMC plc Ordinary Share by 1.9% in the 3rd quarter. American Century Companies Inc. now owns 170,820 shares of the oil and gas company’s stock worth $4,769,000 after purchasing an additional 3,146 shares during the period. Sei Investments Co. raised its holdings in TechnipFMC plc Ordinary Share by 6.0% in the 3rd quarter. Sei Investments Co. now owns 79,015 shares of the oil and gas company’s stock worth $2,207,000 after purchasing an additional 4,507 shares during the period. Comerica Bank acquired a new position in TechnipFMC plc Ordinary Share in the 3rd quarter worth about $3,063,000. Ameriprise Financial Inc. raised its holdings in TechnipFMC plc Ordinary Share by 173.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 528,645 shares of the oil and gas company’s stock worth $14,761,000 after purchasing an additional 335,263 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in TechnipFMC plc Ordinary Share in the 3rd quarter worth about $190,000. 66.66% of the stock is owned by institutional investors.
Shares of FTI stock opened at $29.70 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.21. The stock has a market capitalization of $13,680.48, a P/E ratio of 16.75, a PEG ratio of 7.38 and a beta of 0.91. TechnipFMC plc Ordinary Share has a 52-week low of $24.53 and a 52-week high of $35.00.
TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.24). The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.85 billion. TechnipFMC plc Ordinary Share had a net margin of 2.14% and a return on equity of 6.05%. TechnipFMC plc Ordinary Share’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. sell-side analysts predict that TechnipFMC plc Ordinary Share will post 1.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Tuesday, March 20th will be given a $0.13 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. TechnipFMC plc Ordinary Share’s dividend payout ratio (DPR) is presently 75.36%.
FTI has been the subject of a number of analyst reports. ValuEngine cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $34.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Thursday, December 21st. Cowen set a $35.00 target price on TechnipFMC plc Ordinary Share and gave the company an “outperform” rating in a report on Wednesday, December 13th. Societe Generale cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Susquehanna Bancshares set a $39.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Friday, January 12th. Three equities 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 currently has an average rating of “Hold” and a consensus target price of $32.64.
In other news, insider Richard G. Alabaster sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $30.01, for a total value of $360,120.00. Following the completion of the sale, the insider now directly owns 54,028 shares in the company, valued at $1,621,380.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Pattarozzi sold 18,500 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $30.83, for a total value of $570,355.00. Following the completion of the sale, the director now owns 80,581 shares of the company’s stock, valued at $2,484,312.23. The disclosure for this sale can be found here. Insiders sold 47,150 shares of company stock valued at $1,429,809 over the last 90 days. Company insiders own 0.86% of the company’s stock.
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About TechnipFMC plc Ordinary Share
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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