Candriam Luxembourg S.C.A. boosted its position in FMC Co. (NYSE:FMC) by 781.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,405 shares of the basic materials company’s stock after purchasing an additional 77,486 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.06% of FMC worth $6,693,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tredje AP fonden boosted its stake in FMC by 10.6% in the 1st quarter. Tredje AP fonden now owns 6,060 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 580 shares during the period. Cetera Advisor Networks LLC boosted its stake in FMC by 27.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,853 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 614 shares during the period. Hanseatic Management Services Inc. boosted its stake in FMC by 5.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 12,687 shares of the basic materials company’s stock valued at $1,201,000 after purchasing an additional 635 shares during the period. D.A. Davidson & CO. lifted its position in shares of FMC by 8.6% during the 1st quarter. D.A. Davidson & CO. now owns 8,038 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 635 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of FMC by 14.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,287 shares of the basic materials company’s stock valued at $500,000 after acquiring an additional 671 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.
In other news, CEO Pierre R. Brondeau sold 72,992 shares of the business’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $87.19, for a total transaction 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 Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.
FMC stock opened at $88.33 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. FMC Co. has a 52 week low of $71.43 and a 52 week high of $98.70. The firm has a market cap of $12.25 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62.
FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.21. FMC had a return on equity of 22.69% and a net margin of 26.54%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. FMC’s revenue was up 103.2% on a year-over-year basis. research analysts forecast that FMC Co. will post 6.1 EPS for the current year.
The firm also recently declared 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. The ex-dividend date is Thursday, June 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.75%. FMC’s dividend payout ratio (DPR) is currently 24.35%.
A number of analysts have recently weighed in on FMC shares. Zacks Investment Research upgraded FMC from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, April 6th. Credit Suisse Group set a $106.00 target price on FMC and gave the company an “outperform” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Bank of America set a $100.00 target price on FMC and gave the company a “buy” rating in a research report on Friday, May 4th. Royal Bank of Canada reiterated a “buy” rating on shares of FMC in a research report on Wednesday, February 14th. Finally, TheStreet downgraded FMC from a “b” rating to a “c” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $99.72.
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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