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Abacus FCF Advisors LLC Has $12.59 Million Stake in TechnipFMC plc $FTI
Abacus FCF Advisors LLC increased its stake in TechnipFMC plc (NYSE:FTI) by 80.4% in the fourth quarter of an undisclosed year, holding 282,620 shares valued at approximately $12.59 million. This makes TechnipFMC its 26th largest holding, representing 1.6% of Abacus’s investment portfolio. Despite insider selling activity totaling around $75.76 million over the past three months, TechnipFMC reported strong Q4 results, beating EPS expectations with revenue up 6.3% year-over-year, and analysts maintain a “Moderate Buy” rating for the stock.