FMC Corp (FMC) is Global X Management Co. LLC’s 2nd Largest Position

Global X Management Co. LLC raised its stake in FMC Corp (NYSE:FMC) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,882,596 shares of the basic materials company’s stock after purchasing an additional 39,650 shares during the quarter. FMC accounts for 4.1% of Global X Management Co. LLC’s portfolio, making the stock its 2nd biggest position. Global X Management Co. LLC owned 1.40% of FMC worth $178,207,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Third Point LLC increased its stake in shares of FMC by 10.0% during the third quarter. Third Point LLC now owns 2,200,000 shares of the basic materials company’s stock valued at $196,482,000 after buying an additional 200,000 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of FMC by 6.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,556,494 shares of the basic materials company’s stock valued at $147,338,000 after buying an additional 95,036 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of FMC by 647.4% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock valued at $144,522,000 after buying an additional 1,322,470 shares during the period. American Century Companies Inc. increased its stake in shares of FMC by 50.5% during the fourth quarter. American Century Companies Inc. now owns 1,445,616 shares of the basic materials company’s stock valued at $136,842,000 after buying an additional 485,379 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of FMC by 225.8% during the fourth quarter. Victory Capital Management Inc. now owns 844,289 shares of the basic materials company’s stock valued at $79,920,000 after buying an additional 585,130 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

In other news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

FMC has been the topic of several research analyst reports. Bank of America boosted their target price on FMC from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Nomura boosted their target price on FMC from $97.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Monday, December 18th. Loop Capital set a $106.00 target price on FMC and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, KeyCorp reissued a “buy” rating and set a $112.00 target price on shares of FMC in a research note on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. FMC presently has a consensus rating of “Buy” and a consensus price target of $97.37.

Shares of FMC Corp (FMC) opened at $81.86 on Wednesday. The firm has a market capitalization of $11,441.79, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.41 and a beta of 1.52. FMC Corp has a 12 month low of $57.29 and a 12 month high of $98.70. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. FMC had a return on equity of 18.25% and a net margin of 18.61%. The company had revenue of $979.60 million for the quarter, compared to analysts’ expectations of $993.57 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 42.3% on a year-over-year basis. analysts predict that FMC Corp will post 5.37 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were paid a $0.165 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. FMC’s dividend payout ratio is currently 16.54%.

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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.

Institutional Ownership by Quarter for FMC (NYSE:FMC)

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