Cookson Peirce & Co. Inc. Acquires 43,142 Shares of TechnipFMC plc (NYSE:FTI)

Cookson Peirce & Co. Inc. increased its holdings in shares of TechnipFMC plc (NYSE:FTI) by 320.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 56,616 shares of the oil and gas company’s stock after buying an additional 43,142 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in TechnipFMC were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. bought a new position in TechnipFMC during the fourth quarter valued at about $37,976,000. SG Americas Securities LLC grew its position in shares of TechnipFMC by 71.1% during the 4th quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company’s stock valued at $3,072,000 after acquiring an additional 63,378 shares during the period. Syntal Capital Partners LLC purchased a new stake in shares of TechnipFMC during the 3rd quarter worth approximately $665,000. Vanguard Group Inc. grew its holdings in TechnipFMC by 320.3% during the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after purchasing an additional 30,323,011 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TechnipFMC in the third quarter worth $739,000. Institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FTI. ATB Capital set a $30.00 price target on TechnipFMC and gave the stock an “outperform” rating in a research note on Friday, December 22nd. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a research note on Friday, February 23rd. Benchmark reiterated a “buy” rating and set a $30.00 price target (up from $25.00) on shares of TechnipFMC in a research report on Monday, April 1st. Bank of America raised their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Monday. Finally, StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.34.

TechnipFMC Stock Down 0.8 %

Shares of FTI opened at $25.28 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. TechnipFMC plc has a 1 year low of $12.64 and a 1 year high of $27.26. The stock has a 50 day simple moving average of $23.18 and a two-hundred day simple moving average of $21.23. The firm has a market cap of $11.05 billion, a P/E ratio of 210.63 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company posted ($0.05) EPS. TechnipFMC’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, analysts forecast that TechnipFMC plc will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. TechnipFMC’s dividend payout ratio is currently 166.67%.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the sale, the director now directly owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is owned by corporate insiders.

TechnipFMC 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.