Robeco Institutional Asset Management B.V. Purchases 112,184 Shares of TechnipFMC plc (NYSE:FTI)

Robeco Institutional Asset Management B.V. boosted its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 1,221.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 121,366 shares of the oil and gas company's stock after acquiring an additional 112,184 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in TechnipFMC were worth $3,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company's stock worth $29,000 after buying an additional 735 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of TechnipFMC in the third quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in shares of TechnipFMC by 59.5% in the third quarter. GAMMA Investing LLC now owns 1,858 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 693 shares during the period. Toth Financial Advisory Corp grew its position in shares of TechnipFMC by 1,900.0% during the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company's stock worth $52,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in TechnipFMC during the 3rd quarter valued at approximately $56,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada began coverage on shares of TechnipFMC in a research report on Monday, November 18th. They set an "outperform" rating and a $37.00 target price for the company. Bank of America raised their price objective on TechnipFMC from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Citigroup boosted their target price on TechnipFMC from $34.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. StockNews.com raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Piper Sandler began coverage on TechnipFMC in a research note on Thursday, December 19th. They issued an "overweight" rating and a $39.00 price objective on the stock. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of "Buy" and an average price target of $36.15.

TechnipFMC Trading Down 1.4 %

NYSE FTI traded down $0.43 on Thursday, hitting $30.80. 3,887,228 shares of the stock were exchanged, compared to its average volume of 3,417,726. 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 52-week low of $18.78 and a 52-week high of $33.45. The firm has a market capitalization of $13.10 billion, a P/E ratio of 20.27 and a beta of 1.52. The stock has a fifty day moving average price of $30.79 and a two-hundred day moving average price of $28.30.

TechnipFMC announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 23rd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the oil and gas company to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.