Parametric Portfolio Associates LLC Sells 191,131 Shares of TechnipFMC plc Ordinary Share (FTI)

Parametric Portfolio Associates LLC cut its position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 40.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 276,361 shares of the oil and gas company’s stock after selling 191,131 shares during the period. Parametric Portfolio Associates LLC’s holdings in TechnipFMC plc Ordinary Share were worth $8,982,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Exane Asset Management acquired a new position in shares of TechnipFMC plc Ordinary Share during the first quarter worth approximately $2,582,000. Toronto Dominion Bank increased its position in shares of TechnipFMC plc Ordinary Share by 222.9% in the first quarter. Toronto Dominion Bank now owns 125,656 shares of the oil and gas company’s stock worth $4,084,000 after buying an additional 86,737 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of TechnipFMC plc Ordinary Share by 41.8% in the first quarter. Pzena Investment Management LLC now owns 1,288,273 shares of the oil and gas company’s stock worth $41,869,000 after buying an additional 379,448 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of TechnipFMC plc Ordinary Share by 98.3% in the first quarter. Ameriprise Financial Inc. now owns 235,564 shares of the oil and gas company’s stock worth $7,657,000 after buying an additional 116,793 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of TechnipFMC plc Ordinary Share by 167.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,611 shares of the oil and gas company’s stock worth $1,125,000 after buying an additional 21,673 shares in the last quarter. Institutional investors and hedge funds own 91.01% of the company’s stock.

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

TechnipFMC plc Ordinary Share (NYSE FTI) opened at 28.08 on Friday. TechnipFMC plc Ordinary Share has a 12 month low of $27.89 and a 12 month high of $36.14. The firm has a market capitalization of $13.10 billion, a PE ratio of 16.84 and a beta of 1.01. The stock’s 50 day moving average price is $30.83 and its 200 day moving average price is $32.95.

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A number of research analysts recently commented on the company. Scotiabank set a $37.00 price target on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Monday, May 1st. Sanford C. Bernstein raised TechnipFMC plc Ordinary Share from an “underperform” rating to a “market perform” rating and set a $29.00 price target for the company in a report on Tuesday, May 16th. ValuEngine downgraded TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BMO Capital Markets set a $37.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a report on Wednesday, April 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $41.00 target price on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, March 22nd. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. TechnipFMC plc Ordinary Share has an average rating of “Buy” and an average target price of $35.18.

In related news, CFO Maryann T. Mannen sold 6,500 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.20, for a total value of $189,800.00. Following the completion of the sale, the chief financial officer now owns 309,261 shares in the company, valued at approximately $9,030,421.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark J. Scott sold 32,000 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $31.87, for a total transaction of $1,019,840.00. Following the completion of the sale, the executive vice president now owns 77,678 shares of the company’s stock, valued at approximately $2,475,597.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,500 shares of company stock valued at $1,843,960. 0.86% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FTI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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