FMC Corp (FMC) Stake Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in FMC Corp (NYSE:FMC) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,859 shares of the basic materials company’s stock after buying an additional 4,169 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in FMC were worth $1,312,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Anderson Hoagland & Co. purchased a new stake in shares of FMC in the 4th quarter valued at $746,000. National Pension Service raised its holdings in shares of FMC by 41,010.3% in the 4th quarter. National Pension Service now owns 147,175 shares of the basic materials company’s stock valued at $13,932,000 after buying an additional 146,817 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of FMC by 647.4% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock valued at $144,522,000 after buying an additional 1,322,470 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in shares of FMC in the 3rd quarter valued at $831,000. Finally, Nordea Investment Management AB raised its holdings in shares of FMC by 99.7% in the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock valued at $718,000 after buying an additional 4,015 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

In other news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the transaction, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Several equities research analysts recently issued reports on FMC shares. Credit Suisse Group set a $111.00 price objective on FMC and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded FMC from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. Nomura boosted their price objective on FMC from $97.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $110.00 price objective (up previously from $102.00) on shares of FMC in a report on Thursday, November 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $112.00 price objective on shares of FMC in a report on Monday, December 4th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $97.63.

Shares of FMC Corp (FMC) opened at $85.26 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.81 and a debt-to-equity ratio of 1.11. FMC Corp has a 1-year low of $57.29 and a 1-year high of $98.70. The firm has a market capitalization of $10,990.67, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.52.

FMC (NYSE:FMC) last issued its quarterly earnings results 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. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company had revenue of $979.60 million for the quarter, compared to the consensus estimate of $993.57 million. During the same quarter in the prior year, the business earned $0.88 EPS. FMC’s revenue was up 42.3% on a year-over-year basis. equities analysts expect that FMC Corp will post 5.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. FMC’s payout ratio is currently 16.54%.

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About FMC

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.

Institutional Ownership by Quarter for FMC (NYSE:FMC)

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