AMG Funds LLC trimmed its position in TechnipFMC plc Ordinary Share (NYSE:FTI) by 16.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,065 shares of the oil and gas company’s stock after selling 7,424 shares during the period. AMG Funds LLC’s holdings in TechnipFMC plc Ordinary Share were worth $1,223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FTI. First Eagle Investment Management LLC lifted its holdings in shares of TechnipFMC plc Ordinary Share by 10.9% in the third quarter. First Eagle Investment Management LLC now owns 33,933,562 shares of the oil and gas company’s stock worth $947,425,000 after buying an additional 3,347,874 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of TechnipFMC plc Ordinary Share in the third quarter worth about $45,311,000. APG Asset Management N.V. lifted its holdings in shares of TechnipFMC plc Ordinary Share by 26.1% in the third quarter. APG Asset Management N.V. now owns 7,257,489 shares of the oil and gas company’s stock worth $202,629,000 after buying an additional 1,500,600 shares in the last quarter. Platinum Investment Management Ltd. lifted its holdings in shares of TechnipFMC plc Ordinary Share by 12.6% in the third quarter. Platinum Investment Management Ltd. now owns 7,899,200 shares of the oil and gas company’s stock worth $220,545,000 after buying an additional 883,100 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of TechnipFMC plc Ordinary Share by 231.2% in the third quarter. State of Tennessee Treasury Department now owns 1,250,798 shares of the oil and gas company’s stock worth $34,922,000 after buying an additional 873,180 shares in the last quarter. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on FTI shares. HSBC reissued a “reduce” rating and issued a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Goldman Sachs Group downgraded shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Monday, November 13th. Barclays set a $28.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a report on Thursday, October 26th. Royal Bank of Canada reissued a “buy” rating and issued a $37.00 price target on shares of TechnipFMC plc Ordinary Share in a report on Friday, October 27th. Finally, Societe Generale started coverage on shares of TechnipFMC plc Ordinary Share in a report on Thursday, November 16th. They issued a “buy” rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.97.

Shares of TechnipFMC plc Ordinary Share (FTI) opened at $29.14 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a one year low of $24.53 and a one year high of $35.00.

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TechnipFMC plc Ordinary Share 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.

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

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