Profund Advisors LLC lifted its position in FMC Corp (NYSE:FMC) by 77.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,123 shares of the basic materials company’s stock after purchasing an additional 6,155 shares during the period. Profund Advisors LLC’s holdings in FMC were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in FMC during the fourth quarter worth $123,000. Assetmark Inc. raised its position in FMC by 212.2% during the fourth quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 1,012 shares during the period. Tower Research Capital LLC TRC raised its position 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 worth $164,000 after acquiring an additional 1,246 shares during the period. Roundview Capital LLC acquired a new position in FMC during the fourth quarter worth $204,000. Finally, Cetera Advisor Networks LLC acquired a new position in FMC during the fourth quarter worth $212,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.
Shares of FMC Corp (NYSE:FMC) traded down $1.09 on Tuesday, hitting $80.23. 361,426 shares of the company were exchanged, compared to its average volume of 1,461,718. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.20. FMC Corp has a 12-month low of $59.26 and a 12-month high of $98.70. The stock has a market capitalization of $11,054.07, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.34 and a beta of 1.60.
FMC (NYSE:FMC) last announced its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $993.57 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. FMC’s quarterly revenue was up 42.3% on a year-over-year basis. equities analysts anticipate that FMC Corp will post 5.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, March 28th. FMC’s dividend payout ratio is currently 16.54%.
In related news, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the sale, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
A number of equities analysts have weighed in on the stock. Loop Capital restated a “positive” rating and set a $111.00 price objective (up from $108.00) on shares of FMC in a research report on Wednesday, February 14th. Credit Suisse Group set a $106.00 price objective on shares of FMC and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and set a $112.00 price objective on shares of FMC in a research report on Monday, December 4th. Citigroup upgraded shares of FMC from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded shares of FMC from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, December 18th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $98.37.
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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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