Nomura Asset Management Co. Ltd. decreased its position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 7.7% in the 4th quarter, HoldingsChannel reports. The fund owned 108,908 shares of the oil and gas company’s stock after selling 9,130 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in TechnipFMC plc Ordinary Share were worth $3,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caption Management LLC bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter valued at approximately $780,000. Arosa Capital Management LP bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter valued at approximately $3,685,000. Thrivent Financial For Lutherans bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter valued at approximately $554,000. Renaissance Technologies LLC increased its holdings in shares of TechnipFMC plc Ordinary Share by 46.0% during the fourth quarter. Renaissance Technologies LLC now owns 943,000 shares of the oil and gas company’s stock valued at $29,525,000 after acquiring an additional 297,100 shares in the last quarter. Finally, Centenus Global Management LP bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter valued at approximately $5,479,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other TechnipFMC plc Ordinary Share news, insider Richard G. Alabaster sold 12,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $30.01, for a total value of $360,120.00. Following the transaction, the insider now owns 54,028 shares of the company’s stock, valued at $1,621,380.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Pattarozzi sold 18,500 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $30.83, for a total value of $570,355.00. Following the completion of the transaction, the director now directly owns 80,581 shares in the company, valued at approximately $2,484,312.23. The disclosure for this sale can be found here. In the last three months, insiders sold 47,150 shares of company stock worth $1,429,809. Insiders own 0.86% of the company’s stock.

TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $30.34 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.21. TechnipFMC plc Ordinary Share has a 1 year low of $24.53 and a 1 year high of $35.00. The firm has a market capitalization of $14,511.01, a price-to-earnings ratio of 43.97, a price-to-earnings-growth ratio of 7.87 and a beta of 0.91.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24). TechnipFMC plc Ordinary Share had a return on equity of 6.05% and a net margin of 2.14%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. equities analysts expect that TechnipFMC plc Ordinary Share will post 1.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Tuesday, March 20th will be given a $0.13 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.52 annualized dividend and a yield of 1.71%. TechnipFMC plc Ordinary Share’s dividend payout ratio is currently 75.36%.

FTI has been the subject of several recent research reports. HSBC restated a “reduce” rating and set a $26.00 price objective on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Barclays restated a “hold” rating and set a $32.00 price objective on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, February 27th. Societe Generale initiated coverage on TechnipFMC plc Ordinary Share in a report on Thursday, November 16th. They set a “buy” rating and a $38.00 price objective for the company. ValuEngine downgraded TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Griffin Securities reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Monday, December 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. TechnipFMC plc Ordinary Share presently has a consensus rating of “Hold” and an average target price of $32.64.

TRADEMARK VIOLATION NOTICE: “TechnipFMC plc Ordinary Share (FTI) Shares Sold by Nomura Asset Management Co. Ltd.” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2018/03/14/technipfmc-plc-ordinary-share-fti-shares-sold-by-nomura-asset-management-co-ltd.html.

TechnipFMC plc Ordinary Share Company Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TechnipFMC plc Ordinary Share (NYSE:FTI).

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

Receive News & Ratings for TechnipFMC plc Ordinary Share Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC plc Ordinary Share and related companies with MarketBeat.com's FREE daily email newsletter.