Aigen Investment Management LP Acquires New Position in TechnipFMC plc (NYSE:FTI)

Aigen Investment Management LP acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,992 shares of the oil and gas company’s stock, valued at approximately $289,000.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC in the 4th quarter valued at about $45,000. V Square Quantitative Management LLC boosted its holdings in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 563 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in TechnipFMC in the 3rd quarter valued at about $56,000. Finally, True Wealth Design LLC acquired a new position in TechnipFMC in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTI. Barclays boosted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. TD Cowen reiterated a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their target price for the company from $29.00 to $40.00 in a report on Friday, December 6th. Citigroup boosted their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a “buy” rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $36.31.

TechnipFMC Price Performance

TechnipFMC stock opened at $26.71 on Friday. The firm has a market cap of $11.23 billion, a PE ratio of 17.57 and a beta of 1.54. TechnipFMC plc has a 52-week low of $21.78 and a 52-week 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 company’s 50 day moving average is $30.40 and its two-hundred day moving average is $28.61.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

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.