Caisse DE Depot ET Placement DU Quebec lowered its stake in shares of FMC Corp (NYSE:FMC) by 90.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,237 shares of the basic materials company’s stock after selling 21,480 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in FMC were worth $212,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FMC. Nationwide Fund Advisors grew its holdings in shares of FMC by 12.0% during the third quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock worth $24,911,000 after buying an additional 29,858 shares during the last quarter. Nordea Investment Management AB boosted its holdings in FMC by 99.7% in the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock valued at $718,000 after purchasing an additional 4,015 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in FMC by 0.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock valued at $8,077,000 after purchasing an additional 572 shares in the last quarter. FNY Partners Fund LP boosted its holdings in FMC by 53,748.1% in the 3rd quarter. FNY Partners Fund LP now owns 28,970 shares of the basic materials company’s stock valued at $2,587,000 after purchasing an additional 29,024 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in FMC by 26.3% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 193,028 shares of the basic materials company’s stock valued at $17,239,000 after purchasing an additional 40,184 shares in the last quarter. 90.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FMC Corp (NYSE FMC) opened at $81.32 on Tuesday. The company has a market capitalization of $11,054.07, a P/E ratio of 30.36, a PEG ratio of 1.34 and a beta of 1.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.65. FMC Corp has a 52 week low of $59.26 and a 52 week high of $98.70.
FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company’s quarterly revenue was up 42.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. research analysts expect that FMC Corp will post 5.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, March 28th. FMC’s dividend payout ratio (DPR) is 16.54%.
In other news, insider Mark Douglas sold 10,698 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total transaction of $903,018.18. Following the sale, the insider now owns 63,191 shares of the company’s stock, valued at approximately $5,333,952.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.
A number of brokerages have weighed in on FMC. Loop Capital reaffirmed a “positive” rating and issued a $111.00 price objective (up previously from $108.00) on shares of FMC in a report on Wednesday, February 14th. Credit Suisse Group set a $106.00 price objective on FMC and gave the company an “outperform” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $112.00 price objective on shares of FMC in a report on Monday, December 4th. Citigroup raised FMC from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, February 14th. Finally, Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $98.37.
FMC Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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