Bradley Foster & Sargent Inc. CT Has $2.67 Million Stake in TechnipFMC plc (NYSE:FTI)

Bradley Foster & Sargent Inc. CT boosted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 45.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,399 shares of the oil and gas company’s stock after buying an additional 28,720 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TechnipFMC were worth $2,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in TechnipFMC in the third quarter worth about $185,643,000. Westfield Capital Management Co. LP bought a new stake in shares of TechnipFMC in the 3rd quarter valued at approximately $49,273,000. Jennison Associates LLC raised its holdings in shares of TechnipFMC by 95.0% in the 3rd quarter. Jennison Associates LLC now owns 2,360,587 shares of the oil and gas company’s stock worth $61,918,000 after buying an additional 1,150,049 shares in the last quarter. Hardman Johnston Global Advisors LLC lifted its position in shares of TechnipFMC by 13.5% during the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company’s stock worth $236,482,000 after buying an additional 1,071,103 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of TechnipFMC by 50.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,309,710 shares of the oil and gas company’s stock worth $66,842,000 after buying an additional 773,000 shares during the period. Institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FTI shares. Susquehanna upped their price target on TechnipFMC from $35.00 to $37.00 and gave the company a “positive” rating in a research report on Friday, October 25th. Evercore ISI increased their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and lifted their price target for the company from $29.00 to $40.00 in a report on Friday, December 6th. The Goldman Sachs Group began coverage on shares of TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on shares of TechnipFMC in a research note on Monday, November 18th. They issued an “outperform” rating and a $37.00 target price for the company. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $36.15.

TechnipFMC Stock Performance

FTI stock opened at $29.06 on Friday. The company has a 50 day moving average price of $30.71 and a 200 day moving average price of $28.49. TechnipFMC plc has a fifty-two week low of $20.04 and a fifty-two week 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 has a market capitalization of $12.36 billion, a PE ratio of 19.12 and a beta of 1.52.

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.