Jefferies Group LLC decreased its holdings in shares of FMC Corp (NYSE:FMC) by 24.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,979 shares of the basic materials company’s stock after selling 8,650 shares during the period. Jefferies Group LLC’s holdings in FMC were worth $2,554,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FMC during the 4th quarter valued at $123,000. Assetmark Inc. raised its position in shares of FMC by 212.2% during the 4th quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 1,012 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of FMC by 256.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 1,246 shares during the last quarter. Roundview Capital LLC bought a new stake in shares of FMC during the 4th quarter valued at $204,000. Finally, Cetera Advisor Networks LLC bought a new stake in shares of FMC during the 4th quarter valued at $212,000. Institutional investors own 90.64% of the company’s stock.
FMC has been the subject of several recent research reports. Seaport Global Securities upgraded shares of FMC from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. Credit Suisse Group set a $111.00 price objective on shares of FMC and gave the company a “buy” rating in a research report on Tuesday, January 16th. SunTrust Banks restated a “buy” rating and issued a $98.00 price objective on shares of FMC in a research report on Thursday, February 15th. Goldman Sachs Group initiated coverage on shares of FMC in a research report on Monday, December 4th. They issued a “neutral” rating and a $98.00 price objective for the company. Finally, Stephens initiated coverage on shares of FMC in a research report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 price objective for the company. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $98.37.
FMC (NYSE:FMC) last announced its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. The firm had revenue of $979.60 million during the quarter, compared to analyst estimates of $993.57 million. FMC had a net margin of 18.61% and a return on equity of 16.82%. The company’s revenue for the quarter was up 42.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. analysts predict that FMC Corp will post 5.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Investors of record on Thursday, March 29th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, March 28th. FMC’s payout ratio is presently 16.54%.
In related news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were 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 of the company’s stock, valued at approximately $619,302.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total transaction of $903,018.18. Following the completion of the transaction, 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. 1.10% of the stock is currently owned by corporate insiders.
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FMC Company 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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