Navellier & Associates Inc bought a new position in shares of FMC Corp (NYSE:FMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,050 shares of the basic materials company’s stock, valued at approximately $1,046,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of FMC during the fourth quarter worth about $123,000. Tower Research Capital LLC TRC increased its position in shares of 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 last quarter. Roundview Capital LLC purchased a new stake in shares of FMC during the fourth quarter worth about $204,000. Cetera Advisor Networks LLC purchased a new stake in shares of FMC during the fourth quarter worth about $212,000. Finally, Clarus Wealth Advisors purchased a new stake in shares of FMC during the fourth quarter worth about $221,000. 92.38% of the stock is currently owned by institutional investors and hedge funds.
FMC Corp (FMC) opened at $85.72 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. FMC Corp has a 52 week low of $57.29 and a 52 week high of $98.70. The company has a market capitalization of $11,510.00, a P/E ratio of -133.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.52.
FMC (NYSE:FMC) last issued its earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company had revenue of $979.60 million during the quarter, compared to the consensus estimate of $993.57 million. During the same period in the previous year, the firm posted $0.88 earnings per share. FMC’s quarterly revenue was up 42.3% compared to the same quarter last year. equities research analysts predict that FMC Corp will post 5.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. FMC’s payout ratio is currently -103.13%.
Several analysts recently weighed in on the company. Piper Jaffray Companies set a $90.00 price objective on FMC and gave the company a “hold” rating in a report on Thursday, February 15th. TheStreet lowered FMC from a “b” rating to a “c” rating in a report on Monday, February 12th. Seaport Global Securities raised FMC from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. SunTrust Banks reissued a “buy” rating and issued a $98.00 price objective on shares of FMC in a report on Thursday, February 15th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of FMC in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $98.37.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the transaction, the insider now directly owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction that occurred on 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 transaction, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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.
Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Corp (NYSE:FMC).
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.