Boston Partners Reduces $96M in TechnipFMC plc ($FTI)
Key Points
- Boston Partners changed its TechnipFMC plc ($FTI) stake by 14.92% last quarter, cutting to 8,283,352 shares worth $549.19 million.
- Wall Street's consensus rating on $FTI is Buy and an average price target of $75.81.
- $FTI last traded around $66.30.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Boston Partners reduced its position in TechnipFMC plc ($FTI) by 14.92% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,283,352 shares of TechnipFMC plc after selling 1,452,994 shares during the quarter. Boston Partners's holdings in TechnipFMC plc were worth $549.19 million as of its most recent filing.
TechnipFMC plc Stock Down 12.6%
Shares of TechnipFMC plc ($FTI) traded around $66.30 on Saturday, down 12.6% for the day.
TechnipFMC plc Earnings
TechnipFMC plc Dividend
Analysts Set New Price Targets
About TechnipFMC plc
TechnipFMC plc engages in the oil and natural gas projects, technologies, 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 design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipeline systems used in oil and natural gas production and transportation. It provides subsea production systems; subsea processing systems; subsea umbilicals, risers and flowlines; vessels; drilling, installation, and intervention and plug and abandonment; maintenance, asset integrity, and production management; robotics; and subsea studio digital platform. The Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of oil and natural gas. This segment offers drilling; surface wellheads and production trees systems; iComplete, a pressure control system; fracturing tree systems, fracturing valve greasing systems, hydraulic or electric control units, service-less valves, fracturing manifold systems, and rigid and flexible flowlines; flexible pipes; safety and integrity systems, multiphase meter modules, in-line separation and processing systems, compact ball valves for manifolds, and standard pumps; well control and integrity systems; and skid solutions. It also offers planning, testing and installation, commissioning, operations, replacement and upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning, and abandonment; and supplies flowline products and services. TechnipFMC plc was founded in 1884 and is headquartered in Newcastle upon Tyne, the United Kingdom.
Get TechnipFMC plc alerts
New 13F filings, insider trades, and analyst moves on $FTI, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.