Caxton Associates LP reduced its stake in FMC Corp (NYSE:FMC) by 77.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,073 shares of the basic materials company’s stock after selling 31,227 shares during the period. Caxton Associates LP’s holdings in FMC were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of FMC by 27.4% in the 4th quarter. Advisor Group Inc. now owns 4,770 shares of the basic materials company’s stock worth $451,000 after acquiring an additional 1,027 shares during the period. Weil Company Inc. acquired a new stake in shares of FMC in the 4th quarter worth approximately $1,950,000. AMP Capital Investors Ltd lifted its stake in shares of FMC by 2.4% in the 4th quarter. AMP Capital Investors Ltd now owns 46,297 shares of the basic materials company’s stock worth $4,382,000 after acquiring an additional 1,100 shares during the period. Profund Advisors LLC lifted its stake in shares of FMC by 77.2% in the 4th quarter. Profund Advisors LLC now owns 14,123 shares of the basic materials company’s stock worth $1,337,000 after acquiring an additional 6,155 shares during the period. Finally, MANA Advisors LLC acquired a new stake in shares of FMC in the 4th quarter worth approximately $1,230,000. 90.64% of the stock is owned by institutional investors.
In other news, insider Mark Douglas sold 10,698 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the sale, the insider now owns 63,191 shares in the company, valued at $5,333,952.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the sale, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
FMC (NYSE:FMC) last released its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 16.82%. The business had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s revenue was up 42.3% compared to the same quarter last year. analysts predict that FMC Corp will post 5.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.79%. FMC’s dividend payout ratio is currently 16.54%.
A number of analysts have recently weighed in on the stock. Piper Jaffray Companies set a $90.00 price target on shares of FMC and gave the stock a “hold” rating in a research note on Thursday, February 15th. SunTrust Banks reaffirmed a “buy” rating and issued a $98.00 price target on shares of FMC in a research note on Thursday, February 15th. Seaport Global Securities raised shares of FMC from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. Loop Capital reaffirmed a “positive” rating and issued a $111.00 price target (up from $108.00) on shares of FMC in a research note on Wednesday, February 14th. Finally, Credit Suisse Group set a $106.00 target price on shares of FMC and gave the stock an “outperform” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $98.37.
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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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