Sandy Spring Bank Boosts Stake in FMC Corp (FMC)

Sandy Spring Bank lifted its position in FMC Corp (NYSE:FMC) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,915 shares of the basic materials company’s stock after acquiring an additional 993 shares during the period. Sandy Spring Bank’s holdings in FMC were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Oakbrook Investments LLC boosted its position in shares of FMC by 27.9% in the 3rd quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock valued at $1,187,000 after purchasing an additional 2,900 shares during the period. Nationwide Fund Advisors raised its stake in shares of FMC by 12.0% during the 3rd 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 in the last quarter. Aperio Group LLC raised its stake in shares of FMC by 6.4% during the 3rd quarter. Aperio Group LLC now owns 49,289 shares of the basic materials company’s stock worth $4,402,000 after buying an additional 2,960 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of FMC by 4.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 228,373 shares of the basic materials company’s stock worth $20,396,000 after buying an additional 9,303 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of FMC by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after acquiring an additional 600 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

FMC Corp (NYSE:FMC) traded up $4.10 during midday trading on Wednesday, hitting $85.96. The company’s stock had a trading volume of 1,312,782 shares, compared to its average volume of 1,474,553. FMC Corp has a 52 week low of $57.29 and a 52 week high of $98.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. The company has a market capitalization of $11,360.00, a PE ratio of -133.86, a P/E/G ratio of 1.41 and a beta of 1.52.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s dividend payout ratio is currently -103.13%.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group set a $106.00 price target on FMC and gave the stock an “outperform” rating in a report on Wednesday. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating on shares of FMC in a report on Wednesday. TheStreet cut FMC from a “b” rating to a “c” rating in a report on Monday. Citigroup raised FMC from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Wednesday. Finally, Zacks Investment Research lowered FMC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. FMC currently has a consensus rating of “Buy” and an average target price of $97.37.

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

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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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