FMC Corp (FMC) Stake Lowered by KBC Group NV

KBC Group NV lessened its position in FMC Corp (NYSE:FMC) by 12.9% during the 4th quarter, HoldingsChannel reports. The firm owned 23,280 shares of the basic materials company’s stock after selling 3,443 shares during the quarter. KBC Group NV’s holdings in FMC were worth $2,204,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FMC. Oakbrook Investments LLC boosted its stake in shares of FMC by 27.9% in the 3rd quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock valued at $1,187,000 after purchasing an additional 2,900 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of FMC by 12.0% in the 3rd quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock valued at $24,911,000 after purchasing an additional 29,858 shares in the last quarter. Aperio Group LLC boosted its stake in shares of FMC by 6.4% in the 3rd quarter. Aperio Group LLC now owns 49,289 shares of the basic materials company’s stock valued at $4,402,000 after purchasing an additional 2,960 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of FMC by 4.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 228,373 shares of the basic materials company’s stock valued at $20,396,000 after purchasing an additional 9,303 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of FMC by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 92.38% of the company’s stock.

Several brokerages have recently commented on FMC. Credit Suisse Group set a $111.00 target price on shares of FMC and gave the company a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut FMC from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. BMO Capital Markets lifted their price target on FMC from $80.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. They noted that the move was a valuation call. Bank of America lifted their price target on FMC from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Goldman Sachs Group initiated coverage on FMC in a report on Monday, December 4th. They issued a “neutral” rating and a $98.00 price target for the company. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. FMC presently has a consensus rating of “Buy” and an average target price of $98.37.

In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Douglas sold 10,698 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total value of $903,018.18. Following the sale, the insider now directly 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.

Shares of FMC Corp (FMC) opened at $82.12 on Thursday. The firm has a market capitalization of $11,217.57, a PE ratio of 30.83, a price-to-earnings-growth ratio of 1.36 and a beta of 1.52. FMC Corp has a twelve month low of $57.29 and a twelve month high of $98.70. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11.

FMC (NYSE:FMC) last announced its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The firm had revenue of $979.60 million during the quarter, compared to analysts’ expectations of $993.57 million. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company’s quarterly revenue was up 42.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. equities analysts anticipate that FMC Corp will post 5.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.66 annualized dividend and a yield of 0.80%. FMC’s dividend payout ratio is currently 16.54%.

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FMC 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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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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