Mckinley Capital Management LLC Delaware Invests $55.64 Million in TechnipFMC plc Ordinary Share (FTI)

Mckinley Capital Management LLC Delaware acquired a new stake in TechnipFMC plc Ordinary Share (NYSE:FTI) during the first quarter, Holdings Channel reports. The fund acquired 1,712,009 shares of the oil and gas company’s stock, valued at approximately $55,640,000. TechnipFMC plc Ordinary Share makes up about 2.0% of Mckinley Capital Management LLC Delaware’s portfolio, making the stock its 8th largest position.

A number of other institutional investors have also recently modified their holdings of FTI. Great West Life Assurance Co. Can boosted its position in shares of TechnipFMC plc Ordinary Share by 14.6% in the third quarter. Great West Life Assurance Co. Can now owns 204,589 shares of the oil and gas company’s stock valued at $6,063,000 after buying an additional 26,070 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of TechnipFMC plc Ordinary Share by 54.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,510 shares of the oil and gas company’s stock valued at $28,350,000 after buying an additional 337,080 shares in the last quarter. DnB Asset Management AS boosted its position in shares of TechnipFMC plc Ordinary Share by 0.3% in the third quarter. DnB Asset Management AS now owns 14,936 shares of the oil and gas company’s stock valued at $443,000 after buying an additional 50 shares in the last quarter. Nippon Life Insurance Co. boosted its position in shares of TechnipFMC plc Ordinary Share by 2.0% in the third quarter. Nippon Life Insurance Co. now owns 29,893 shares of the oil and gas company’s stock valued at $887,000 after buying an additional 575 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of TechnipFMC plc Ordinary Share by 295.3% in the third quarter. APG Asset Management N.V. now owns 2,351,080 shares of the oil and gas company’s stock valued at $69,757,000 after buying an additional 1,756,327 shares in the last quarter. 91.01% of the stock is owned by hedge funds and other institutional investors.

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

TechnipFMC plc Ordinary Share (NYSE:FTI) traded up 1.71% during trading on Friday, reaching $32.08. The company had a trading volume of 2,992,644 shares. The company has a 50-day moving average price of $31.96 and a 200 day moving average price of $33.30. The stock has a market cap of $14.97 billion, a PE ratio of 19.24 and a beta of 1.01. TechnipFMC plc Ordinary Share has a 52-week low of $29.86 and a 52-week high of $36.14.

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Several equities analysts recently issued reports on FTI shares. Goldman Sachs Group Inc started coverage on TechnipFMC plc Ordinary Share in a report on Tuesday, January 24th. They set a “buy” rating and a $40.00 price objective for the company. Credit Suisse Group AG initiated coverage on TechnipFMC plc Ordinary Share in a report on Wednesday, January 25th. They set an “outperform” rating and a $40.00 price objective for the company. Barclays PLC initiated coverage on TechnipFMC plc Ordinary Share in a report on Wednesday, February 1st. They issued an “equal weight” rating and a $38.00 price target for the company. Jefferies Group LLC initiated coverage on TechnipFMC plc Ordinary Share in a report on Monday, February 6th. They issued a “hold” rating and a $34.00 price target for the company. Finally, JPMorgan Chase & Co. raised TechnipFMC plc Ordinary Share from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $44.00 in a report on Monday, February 27th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.41.

In other news, Director Peter Mellbye sold 10,140 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $33.02, for a total value of $334,822.80. Following the completion of the sale, the director now owns 26,547 shares in the company, valued at $876,581.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard G. Alabaster sold 8,000 shares of the stock in a transaction on Monday, March 27th. The shares were sold at an average price of $31.29, for a total value of $250,320.00. Following the completion of the sale, the insider now owns 60,418 shares of the company’s stock, valued at approximately $1,890,479.22. The disclosure for this sale can be found here. Insiders sold 50,140 shares of company stock valued at $1,604,983 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

TechnipFMC plc Ordinary Share Company Profile

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.

12 Month Chart for NYSE:FTI

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