Stevens Capital Management LP Acquires New Stake in TechnipFMC plc (NYSE:FTI)

Stevens Capital Management LP acquired a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,029 shares of the oil and gas company's stock, valued at approximately $377,000.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its holdings in TechnipFMC by 14.6% during the third quarter. Natixis Advisors LLC now owns 109,330 shares of the oil and gas company's stock worth $2,868,000 after buying an additional 13,889 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of TechnipFMC by 1.5% in the third quarter. Pathstone Holdings LLC now owns 113,624 shares of the oil and gas company's stock worth $2,980,000 after acquiring an additional 1,714 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of TechnipFMC by 12.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 213,539 shares of the oil and gas company's stock worth $5,601,000 after acquiring an additional 23,893 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of TechnipFMC by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,399,822 shares of the oil and gas company's stock valued at $89,177,000 after acquiring an additional 219,081 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of TechnipFMC by 121.3% in the 3rd quarter. Cerity Partners LLC now owns 908,936 shares of the oil and gas company's stock valued at $23,841,000 after purchasing an additional 498,137 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

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TechnipFMC Trading Up 1.8 %

NYSE:FTI traded up $0.54 on Tuesday, hitting $30.38. The stock had a trading volume of 3,626,511 shares, compared to its average volume of 3,758,656. The company has a fifty day moving average price of $29.65 and a two-hundred day moving average price of $28.78. TechnipFMC plc has a 1-year low of $22.99 and a 1-year high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a market cap of $12.78 billion, a price-to-earnings ratio of 19.99 and a beta of 1.54.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Tuesday, March 18th. TechnipFMC's dividend payout ratio is presently 10.42%.

Insider Buying and Selling

In other news, CAO David Light sold 10,147 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the sale, the director now directly owns 100,951 shares of the company's stock, valued at $3,004,301.76. The trade was a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,706 shares of company stock worth $1,651,665. Company insiders own 1.06% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of recent analyst reports. TD Cowen reiterated a "buy" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Barclays lifted their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Piper Sandler upped their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, Evercore ISI upped their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TechnipFMC has a consensus rating of "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.