Castleark Management LLC lowered its position in FMC Corp (NYSE:FMC) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,715 shares of the basic materials company’s stock after selling 26,580 shares during the quarter. Castleark Management LLC’s holdings in FMC were worth $4,611,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of FMC. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FMC in the fourth quarter valued at $123,000. Assetmark Inc. boosted its holdings in FMC by 212.2% in the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in FMC by 256.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 1,246 shares during the last quarter. Tiemann Investment Advisors LLC acquired a new position in FMC in the fourth quarter valued at $202,000. Finally, Two Sigma Securities LLC acquired a new position in FMC in the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.
In other news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction dated 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 directly owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.
A number of research analysts recently weighed in on the company. Piper Jaffray Companies set a $90.00 target price on FMC and gave the company a “hold” rating in a report on Thursday, February 15th. TheStreet cut FMC from a “b” rating to a “c” rating in a report on Monday, February 12th. KeyCorp reiterated a “buy” rating and issued a $112.00 target price on shares of FMC in a report on Monday, December 4th. Stephens assumed coverage on FMC in a report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 target price on the stock. Finally, Loop Capital set a $106.00 target price on FMC and gave the company a “buy” rating in a report on Monday, December 11th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $98.37.
FMC stock opened at $82.29 on Monday. The company has a market capitalization of $11,054.10, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.60. FMC Corp has a one year low of $59.26 and a one year high of $98.70. 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 (NYSE:FMC) last issued its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. FMC had a return on equity of 16.82% 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 quarter in the previous year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 42.3% on a year-over-year basis. sell-side analysts expect that FMC Corp will post 5.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, March 28th. FMC’s payout ratio is 16.54%.
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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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