Robeco Institutional Asset Management B.V. lifted its position in FMC Co. (NYSE:FMC) by 4.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 135,882 shares of the basic materials company’s stock after purchasing an additional 6,404 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in FMC were worth $10,408,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake 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 in 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 in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in FMC by 223.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,187 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Tiemann Investment Advisors LLC bought a new stake in FMC in the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.
Shares of FMC stock opened at $92.40 on Friday. FMC Co. has a 12 month low of $89.89 and a 12 month high of $91.18. The firm has a market cap of $12.34 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62. The company has a current ratio of 1.61, a quick ratio of 1.23 and a debt-to-equity ratio of 0.99.
FMC (NYSE:FMC) last announced its earnings results on Wednesday, May 2nd. The basic materials company reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.21. FMC had a net margin of 26.54% and a return on equity of 22.69%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up 103.2% on a year-over-year basis. analysts expect that FMC Co. will post 6.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 19th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, June 28th. FMC’s dividend payout ratio (DPR) is presently 24.35%.
Several research firms recently weighed in on FMC. BMO Capital Markets upgraded shares of FMC from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, April 12th. Stephens upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Friday, May 4th. Piper Jaffray set a $90.00 price target on shares of FMC and gave the company a “hold” rating in a report on Thursday, February 15th. Loop Capital reiterated a “positive” rating and issued a $111.00 price target (up previously from $108.00) on shares of FMC in a report on Wednesday, February 14th. Finally, Citigroup upgraded shares of FMC from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $99.72.
In other news, CEO Pierre R. Brondeau sold 72,992 shares of FMC stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $87.19, for a total value of $6,364,172.48. Following the completion of the transaction, the chief executive officer now owns 407,487 shares of the company’s stock, valued at approximately $35,528,791.53. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.
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