Nomura Asset Management Co. Ltd. Acquires 3,988 Shares of TechnipFMC plc Ordinary Share (NYSE:FTI)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,038 shares of the oil and gas company’s stock after buying an additional 3,988 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TechnipFMC plc Ordinary Share were worth $3,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of TechnipFMC plc Ordinary Share by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 252,487 shares of the oil and gas company’s stock worth $7,079,000 after purchasing an additional 5,000 shares during the period. Engineers Gate Manager LP boosted its position in shares of TechnipFMC plc Ordinary Share by 656.4% in the third quarter. Engineers Gate Manager LP now owns 175,351 shares of the oil and gas company’s stock worth $4,896,000 after purchasing an additional 152,168 shares during the period. FDO Partners LLC bought a new position in shares of TechnipFMC plc Ordinary Share in the third quarter worth approximately $835,000. Jupiter Asset Management Ltd. lifted its holdings in shares of TechnipFMC plc Ordinary Share by 5.2% in the third quarter. Jupiter Asset Management Ltd. now owns 164,691 shares of the oil and gas company’s stock worth $4,598,000 after buying an additional 8,130 shares in the last quarter. Finally, Virginia Retirement Systems ET AL lifted its holdings in shares of TechnipFMC plc Ordinary Share by 4,632.6% in the third quarter. Virginia Retirement Systems ET AL now owns 376,761 shares of the oil and gas company’s stock worth $10,519,000 after buying an additional 368,800 shares in the last quarter. Institutional investors own 65.55% of the company’s stock.

Several research firms have recently commented on FTI. Citigroup lowered their target price on shares of TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating on the stock in a report on Monday, September 18th. began coverage on shares of TechnipFMC plc Ordinary Share in a report on Monday, September 11th. They issued a “hold” rating and a $26.00 target price on the stock. Cowen set a $32.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of TechnipFMC plc Ordinary Share in a research note on Friday, October 27th. Finally, Barclays set a $28.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. TechnipFMC plc Ordinary Share presently has a consensus rating of “Hold” and an average price target of $33.03.

TechnipFMC plc Ordinary Share (FTI) traded up $0.55 during trading hours on Tuesday, hitting $31.86. 3,236,845 shares of the stock were exchanged, compared to its average volume of 2,666,750. TechnipFMC plc Ordinary Share has a twelve month low of $24.53 and a twelve month high of $37.09. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23.

TechnipFMC plc Ordinary Share (NYSE:FTI) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. The business’s quarterly revenue was up 74.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. equities research analysts forecast that TechnipFMC plc Ordinary Share will post 1.61 EPS for the current year.

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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.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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