SIR Capital Management L.P. lessened its holdings in shares of FMC Corp (NYSE:FMC) by 30.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,216 shares of the basic materials company’s stock after selling 85,633 shares during the quarter. FMC makes up approximately 4.1% of SIR Capital Management L.P.’s portfolio, making the stock its 7th largest holding. SIR Capital Management L.P. owned 0.15% of FMC worth $18,574,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of FMC. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FMC during the fourth quarter valued at approximately $123,000. Assetmark Inc. grew its holdings in FMC by 212.2% during the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in FMC by 256.4% during 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 purchasing an additional 1,246 shares during the last quarter. Roundview Capital LLC acquired a new position in FMC during the fourth quarter valued at approximately $204,000. Finally, Cetera Advisor Networks LLC acquired a new position in FMC during the fourth quarter valued at approximately $212,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
In other FMC news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the sale, the insider now owns 63,191 shares in the company, valued at $5,333,952.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.
Shares of FMC Corp (NYSE:FMC) traded down $1.09 during trading on Wednesday, hitting $82.69. 926,016 shares of the stock traded hands, compared to its average volume of 1,508,420. FMC Corp has a twelve month low of $59.26 and a twelve month 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. The firm has a market capitalization of $11,267.65, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.37 and a beta of 1.60.
FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 16.82%. The firm had revenue of $979.60 million for the quarter, compared to the consensus estimate of $993.57 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. The business’s revenue was up 42.3% compared to the same quarter last year. analysts anticipate that FMC Corp will post 5.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. FMC’s dividend payout ratio is currently 16.54%.
Several equities analysts have commented on the company. Loop Capital reiterated a “positive” rating and set a $111.00 price target (up previously from $108.00) on shares of FMC in a report on Wednesday, February 14th. Credit Suisse Group set a $106.00 price target on FMC and gave the company an “outperform” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $112.00 price target on shares of FMC in a report on Monday, December 4th. Citigroup upgraded 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. Finally, Zacks Investment Research upgraded FMC from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $98.37.
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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.
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