Macquarie Group Ltd. lowered its holdings in FMC Corp (NYSE:FMC) by 76.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,900 shares of the basic materials company’s stock after selling 6,300 shares during the period. Macquarie Group Ltd.’s holdings in FMC were worth $141,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of FMC. Boston Partners boosted its position in FMC by 40.9% in the fourth quarter. Boston Partners now owns 5,769,261 shares of the basic materials company’s stock worth $426,695,000 after purchasing an additional 1,673,988 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in FMC in the fourth quarter worth $89,432,000. Locust Wood Capital Advisers LLC purchased a new position in FMC in the fourth quarter worth $25,056,000. BlackRock Inc. boosted its position in FMC by 3.5% in the fourth quarter. BlackRock Inc. now owns 9,284,039 shares of the basic materials company’s stock worth $686,649,000 after purchasing an additional 315,427 shares during the last quarter. Finally, New South Capital Management Inc. boosted its position in FMC by 22.2% in the fourth quarter. New South Capital Management Inc. now owns 1,239,530 shares of the basic materials company’s stock worth $91,676,000 after purchasing an additional 224,793 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Zacks Investment Research raised FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. KeyCorp dropped their price target on FMC from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup set a $94.00 price target on FMC and gave the company a “buy” rating in a research report on Thursday, February 14th. Nomura upped their price target on FMC from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Finally, ValuEngine raised FMC from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $98.00.
Shares of NYSE FMC opened at $80.76 on Wednesday. FMC Corp has a one year low of $69.36 and a one year high of $92.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.35. The firm has a market cap of $10.50 billion, a PE ratio of 12.84, a PEG ratio of 1.30 and a beta of 1.48.
FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. FMC had a return on equity of 27.73% and a net margin of 10.62%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, research analysts expect that FMC Corp will post 5.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, March 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. FMC’s dividend payout ratio is presently 25.44%.
In related news, VP Andrea E. Utecht sold 30,464 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $84.39, for a total transaction of $2,570,856.96. Following the sale, the vice president now owns 104,231 shares of the company’s stock, valued at approximately $8,796,054.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Pallash sold 6,992 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total value of $610,261.76. Following the sale, the director now directly owns 37,458 shares in the company, valued at approximately $3,269,334.24. The disclosure for this sale can be found here. Insiders have sold a total of 131,880 shares of company stock worth $11,144,839 in the last ninety days. Insiders own 1.50% of the company’s stock.
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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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