AMP Capital Investors Ltd cut its position in FMC Corp (NYSE:FMC) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,012 shares of the basic materials company’s stock after selling 1,100 shares during the quarter. AMP Capital Investors Ltd’s holdings in FMC were worth $4,016,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Laurion Capital Management LP bought a new stake in shares of FMC during the 2nd quarter valued at approximately $393,000. Twin Capital Management Inc. grew its holdings in shares of FMC by 0.7% during the 2nd quarter. Twin Capital Management Inc. now owns 89,220 shares of the basic materials company’s stock valued at $7,959,000 after purchasing an additional 660 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of FMC by 420.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 102,170 shares of the basic materials company’s stock valued at $9,115,000 after purchasing an additional 82,552 shares during the last quarter. CSat Investment Advisory L.P. bought a new stake in shares of FMC during the 2nd quarter valued at approximately $193,000. Finally, Van ECK Associates Corp grew its holdings in shares of FMC by 2.5% during the 2nd quarter. Van ECK Associates Corp now owns 266,527 shares of the basic materials company’s stock valued at $23,777,000 after purchasing an additional 6,586 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.
In other FMC news, Director Dirk A. Kempthorne bought 1,173 shares of FMC stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of $86.12 per share, with a total value of $101,018.76. Following the acquisition, the director now directly owns 35,783 shares of the company’s stock, valued at approximately $3,081,631.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $89.15, for a total transaction of $33,431.25. Following the sale, the insider now directly owns 8,604 shares in the company, valued at $767,046.60. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
FMC opened at $86.23 on Tuesday. FMC Corp has a fifty-two week low of $72.73 and a fifty-two week high of $98.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.63. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.61.
FMC (NYSE:FMC) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.06. FMC had a net margin of 23.96% and a return on equity of 27.12%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 92.2% compared to the same quarter last year. equities research analysts forecast that FMC Corp will post 6.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, September 27th. FMC’s payout ratio is 24.35%.
Several brokerages recently issued reports on FMC. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, July 6th. Credit Suisse Group set a $107.00 price target on shares of FMC and gave the company a “buy” rating in a report on Tuesday, June 12th. Finally, Nomura lifted their price target on shares of FMC from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $103.07.
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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