O Shaughnessy Asset Management LLC Raises Stock Position in TechnipFMC plc (NYSE:FTI)

O Shaughnessy Asset Management LLC grew its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 1,197.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,163 shares of the oil and gas company's stock after purchasing an additional 158,895 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in TechnipFMC were worth $4,982,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FTI. Norges Bank bought a new position in TechnipFMC in the 4th quarter worth about $96,808,000. Vanguard Group Inc. boosted its holdings in shares of TechnipFMC by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock valued at $1,180,576,000 after purchasing an additional 1,623,864 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in TechnipFMC by 50.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,309,710 shares of the oil and gas company's stock worth $66,842,000 after purchasing an additional 773,000 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in TechnipFMC by 68.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,694,759 shares of the oil and gas company's stock worth $44,454,000 after purchasing an additional 688,622 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in TechnipFMC by 184.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,057,827 shares of the oil and gas company's stock worth $30,614,000 after purchasing an additional 685,330 shares during the period. 96.58% of the stock is currently owned by institutional investors.

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Insider Activity at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at $187,472.10. This trade represents a 57.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock valued at $1,651,665 in the last three months. 1.80% of the stock is owned by insiders.

TechnipFMC Stock Down 4.2 %

NYSE:FTI traded down $1.05 during mid-day trading on Monday, hitting $24.11. 6,904,813 shares of the company's stock traded hands, compared to its average volume of 3,898,485. The company has a fifty day moving average of $29.25 and a 200 day moving average of $29.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a twelve month low of $22.99 and a twelve month high of $33.45. The company has a market capitalization of $10.14 billion, a P/E ratio of 15.86 and a beta of 1.11.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. TechnipFMC's dividend payout ratio (DPR) is currently 10.42%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FTI shares. Barclays increased their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Piper Sandler increased their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price target for the company. Evercore ISI increased their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Finally, StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, TechnipFMC currently has an average rating of "Moderate Buy" and an average price target of $36.31.

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.