Allegis Investment Advisors LLC Invests $235,000 in FMC Corp (FMC)
Allegis Investment Advisors LLC purchased a new stake in shares of FMC Corp (NYSE:FMC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,487 shares of the basic materials company’s stock, valued at approximately $235,000.
Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of FMC during the fourth quarter valued at $123,000. Advisor Partners LLC purchased a new position in shares of FMC during the third quarter valued at $216,000. Clarus Wealth Advisors purchased a new position in shares of FMC during the fourth quarter valued at $221,000. Achmea Investment Management B.V. purchased a new position in shares of FMC during the third quarter valued at $246,000. Finally, Wright Investors Service Inc. increased its stake in shares of FMC by 45.8% during the fourth quarter. Wright Investors Service Inc. now owns 3,506 shares of the basic materials company’s stock valued at $332,000 after buying an additional 1,101 shares during the period. Hedge funds and other institutional investors own 89.36% of the company’s stock.
In other 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 sale, the insider now owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.
FMC Corp (NYSE FMC) opened at $80.87 on Friday. FMC Corp has a 52 week low of $56.53 and a 52 week high of $98.70. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $10,860.00, a PE ratio of 55.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.52.
FMC (NYSE:FMC) last posted its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. FMC had a return on equity of 16.77% and a net margin of 0.78%. The company had revenue of $646.20 million for the quarter, compared to analyst estimates of $686.21 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. equities research analysts expect that FMC Corp will post 2.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were paid a dividend of $0.165 per share. 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 0.82%. FMC’s payout ratio is 45.21%.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/allegis-investment-advisors-llc-invests-235000-in-fmc-corp-fmc/1853941.html.
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.