Quantbot Technologies LP Has $5.92 Million Position in TechnipFMC plc (NYSE:FTI)

Quantbot Technologies LP boosted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 368.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 226,229 shares of the oil and gas company’s stock after acquiring an additional 177,886 shares during the period. Quantbot Technologies LP owned 0.05% of TechnipFMC worth $5,916,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FTI. Brown Advisory Inc. bought a new position in shares of TechnipFMC in the 4th quarter worth $830,000. Norden Group LLC grew its position in shares of TechnipFMC by 2,899.1% during the 1st quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock worth $9,514,000 after buying an additional 366,266 shares during the period. Vanguard Group Inc. increased its stake in shares of TechnipFMC by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock valued at $803,888,000 after acquiring an additional 126,247 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of TechnipFMC in the 1st quarter valued at approximately $965,000. Finally, Balyasny Asset Management L.P. boosted its stake in TechnipFMC by 868.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after acquiring an additional 2,808,618 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $24.25 on Monday. The company has a fifty day moving average price of $26.58 and a 200 day moving average price of $25.74. TechnipFMC plc has a 1-year low of $18.33 and a 1-year high of $29.85. The firm has a market cap of $10.45 billion, a PE ratio of 51.60 and a beta of 1.50. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. TechnipFMC’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts predict that TechnipFMC plc will post 1.34 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were issued a $0.05 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Wall Street Analyst Weigh In

Several brokerages have commented on FTI. Citigroup upped their target price on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Susquehanna upped their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.38.

Insider Transactions at TechnipFMC

In related news, CAO David Light sold 5,928 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.68. Following the completion of the transaction, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at $297,692.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by insiders.

TechnipFMC Profile

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.