Sirios Capital Management L P acquired a new stake in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,185,959 shares of the oil and gas company’s stock, valued at approximately $37,133,000. TechnipFMC plc Ordinary Share makes up about 1.8% of Sirios Capital Management L P’s portfolio, making the stock its 20th biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in shares of TechnipFMC plc Ordinary Share by 70.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 1,783 shares during the last quarter. Macquarie Group Ltd. bought a new position in TechnipFMC plc Ordinary Share in the third quarter valued at about $190,000. Bank of Nova Scotia Trust Co. bought a new position in TechnipFMC plc Ordinary Share in the third quarter valued at about $192,000. Boothbay Fund Management LLC bought a new position in TechnipFMC plc Ordinary Share in the third quarter valued at about $223,000. Finally, Magnetar Financial LLC bought a new position in TechnipFMC plc Ordinary Share in the third quarter valued at about $228,000. 64.92% of the stock is currently owned by institutional investors.
FTI has been the topic of a number of recent research reports. Morgan Stanley reissued a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, December 6th. Susquehanna Bancshares set a $39.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Friday, January 12th. Tudor Pickering raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. Societe Generale initiated coverage on TechnipFMC plc Ordinary Share in a report on Thursday, November 16th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Cowen set a $35.00 target price on TechnipFMC plc Ordinary Share and gave the company an “outperform” rating in a report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.03.
TechnipFMC plc Ordinary Share (NYSE:FTI) last issued its earnings results on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.24). The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.85 billion. TechnipFMC plc Ordinary Share had a net margin of 2.14% and a return on equity of 6.05%. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. equities analysts forecast that TechnipFMC plc Ordinary Share will post 1.27 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Tuesday, March 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, March 19th. TechnipFMC plc Ordinary Share’s dividend payout ratio (DPR) is presently 75.36%.
TRADEMARK VIOLATION WARNING: This article was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3223664/sirios-capital-management-l-p-acquires-new-stake-in-technipfmc-plc-ordinary-share-fti.html.
About TechnipFMC plc Ordinary Share
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TechnipFMC plc Ordinary Share (NYSE:FTI).
Receive News & Ratings for TechnipFMC plc Ordinary Share Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC plc Ordinary Share and related companies with MarketBeat.com's FREE daily email newsletter.