The California State Teachers Retirement System (CalSTRS) increased its stake in TechnipFMC plc by 19,380.5% during the second quarter. The pension fund acquired over 91 million shares during this period. Total holdings now reach 91.6 million shares. This position represents a 23.36% ownership stake valued at approximately $6.07 billion.
Analysts currently maintain a consensus Moderate Buy rating on the energy services company. TechnipFMC recently reported a quarterly EPS of $0.91, exceeding market estimates. The company generated $2.76 billion in revenue. This figure reflects a 9.0% increase compared to the previous year.