AlphaCentric Advisors LLC Has $157,000 Position in TechnipFMC plc (NYSE:FTI)

AlphaCentric Advisors LLC decreased its holdings in shares of TechnipFMC plc (NYSE:FTI) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,415 shares of the oil and gas company’s stock after selling 940 shares during the period. AlphaCentric Advisors LLC’s holdings in TechnipFMC were worth $157,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 735 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC during the 4th quarter worth approximately $45,000. V Square Quantitative Management LLC raised its stake in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 563 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of TechnipFMC by 1,900.0% in the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of TechnipFMC during the third quarter valued at approximately $56,000. 96.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FTI. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and increased their price target for the company from $29.00 to $40.00 in a research report on Friday, December 6th. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.00 price target on the stock. Citigroup upped their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. HSBC upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 29th. Finally, Evercore ISI upped their target price on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TechnipFMC has a consensus rating of “Buy” and an average price target of $36.15.

TechnipFMC Stock Performance

Shares of FTI opened at $30.30 on Tuesday. TechnipFMC plc has a 1 year low of $19.23 and a 1 year high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The stock’s fifty day moving average price is $30.74 and its two-hundred day moving average price is $28.41. The firm has a market cap of $12.89 billion, a PE ratio of 19.93 and a beta of 1.52.

TechnipFMC declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 23rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the oil and gas company to buy up to 9.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.