Hanseatic Management Services Inc. raised its stake in FMC Corporation (NYSE:FMC) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,350 shares of the basic materials company’s stock after buying an additional 1,688 shares during the quarter. Hanseatic Management Services Inc.’s holdings in FMC Corporation were worth $1,048,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Aviance Capital Management LLC purchased a new stake in FMC Corporation in the 1st quarter valued at $200,000. United Capital Financial Advisers LLC purchased a new stake in FMC Corporation in the 1st quarter valued at $202,000. Cleararc Capital Inc. purchased a new stake in FMC Corporation in the 1st quarter valued at $226,000. Virginia Retirement Systems ET AL purchased a new stake in FMC Corporation in the 1st quarter valued at $230,000. Finally, MAI Capital Management purchased a new stake in FMC Corporation in the 1st quarter valued at $241,000. Institutional investors own 90.35% of the company’s stock.
Shares of FMC Corporation (FMC) traded down 0.54% during trading on Friday, reaching $89.95. The company had a trading volume of 1,300,882 shares. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 57.77 and a beta of 1.60. The firm has a 50-day moving average of $85.49 and a 200 day moving average of $75.38. FMC Corporation has a 52 week low of $45.77 and a 52 week high of $92.40.
FMC Corporation (NYSE:FMC) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, equities research analysts forecast that FMC Corporation will post $2.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, September 28th. FMC Corporation’s dividend payout ratio (DPR) is presently 188.58%.
FMC has been the subject of several analyst reports. Bank of America Corporation upgraded FMC Corporation from an “underperform” rating to a “buy” rating and upped their target price for the company from $66.00 to $103.00 in a report on Thursday, August 31st. Zacks Investment Research upgraded FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Monday, July 10th. Seaport Global Securities cut FMC Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $82.00 to $80.00 in a report on Tuesday, July 18th. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 target price on shares of FMC Corporation in a report on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $84.00 target price on shares of FMC Corporation in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. FMC Corporation currently has a consensus rating of “Buy” and a consensus price target of $85.04.
In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the completion of the sale, the vice president now owns 131,639 shares of the company’s stock, valued at $11,057,676. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.
FMC Corporation 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.
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