American Century Companies Inc. Has $131.73 Million Stock Holdings in TechnipFMC plc $FTI

American Century Companies Inc. raised its stake in shares of TechnipFMC plc (NYSE:FTI) by 11.6% during the third quarter, Holdings Channel reports. The firm owned 3,339,142 shares of the oil and gas company’s stock after buying an additional 347,588 shares during the period. American Century Companies Inc.’s holdings in TechnipFMC were worth $131,729,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its holdings in TechnipFMC by 38.0% during the 3rd quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after purchasing an additional 50,593 shares during the last quarter. Lingohr Asset Management GmbH increased its holdings in shares of TechnipFMC by 461.7% during the third quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock worth $8,375,000 after buying an additional 174,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of TechnipFMC by 80.6% during the third quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock worth $125,144,000 after buying an additional 1,415,621 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of TechnipFMC by 25,468.9% in the third quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock valued at $454,000 after acquiring an additional 11,461 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of TechnipFMC by 8.4% in the 3rd quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock worth $12,053,000 after acquiring an additional 23,600 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 6,350 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total value of $415,290.00. Following the completion of the transaction, the director directly owned 97,860 shares in the company, valued at approximately $6,400,044. The trade was a 6.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

TechnipFMC Stock Down 1.5%

Shares of NYSE FTI opened at $66.26 on Monday. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $67.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. The stock has a market cap of $26.51 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.26 and a beta of 0.70. The firm has a 50 day moving average price of $54.51 and a 200 day moving average price of $45.45.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is currently 8.66%.

Analyst Ratings Changes

Several equities analysts have issued reports on FTI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a research report on Thursday, January 22nd. Barclays restated an “overweight” rating and issued a $69.00 target price on shares of TechnipFMC in a research note on Friday, February 20th. HSBC downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating and upped their price target for the stock from $49.00 to $62.00 in a research report on Friday, February 20th. Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Susquehanna boosted their target price on shares of TechnipFMC from $56.00 to $71.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.93.

TechnipFMC Company Profile

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.