Quantbot Technologies LP Invests $587,000 in TechnipFMC plc $FTI

Quantbot Technologies LP bought a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,857 shares of the oil and gas company’s stock, valued at approximately $587,000.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of TechnipFMC in the first quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of TechnipFMC during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. lifted its position in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of TechnipFMC in the 1st quarter valued at approximately $37,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in TechnipFMC in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Insider Activity

In other news, Director Eric D. Mullins bought 6,365 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the purchase, the director owned 8,070 shares of the company’s stock, valued at $633,898.50. This represents a 373.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FTI shares. Susquehanna cut their target price on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen cut TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. Finally, Citigroup increased their price objective on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $76.54 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. The firm has a market cap of $30.02 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.55 and a beta of 0.72. The business’s 50-day simple moving average is $71.85 and its 200-day simple moving average is $69.82. TechnipFMC plc has a 52 week low of $35.29 and a 52 week high of $80.55.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. As a group, equities research analysts expect that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th. TechnipFMC’s dividend payout ratio is currently 6.94%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.