Canada Pension Plan Investment Board Grows Holdings in TechnipFMC plc (NYSE:FTI)

Canada Pension Plan Investment Board boosted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 82.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,400 shares of the oil and gas company’s stock after acquiring an additional 45,000 shares during the period. Canada Pension Plan Investment Board’s holdings in TechnipFMC were worth $2,599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. purchased a new stake in shares of TechnipFMC in the 1st quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in TechnipFMC by 73.1% in the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after buying an additional 492 shares during the last quarter. ORG Partners LLC bought a new position in shares of TechnipFMC in the second quarter worth approximately $33,000. Quarry LP grew its holdings in shares of TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 768 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of TechnipFMC during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup upped their price objective on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Susquehanna increased their price objective on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and an average target price of $29.51.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $25.24 on Friday. TechnipFMC plc has a 12-month low of $18.33 and a 12-month high of $29.85. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 53.70 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. The firm has a 50 day moving average of $26.44 and a 200 day moving average of $25.96.

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

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s dividend payout ratio (DPR) is currently 42.55%.

TechnipFMC Company 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.