Nationwide Fund Advisors Increases Position in FMC Corporation (FMC)
Nationwide Fund Advisors lifted its stake in shares of FMC Corporation (NYSE:FMC) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,929 shares of the basic materials company’s stock after buying an additional 29,858 shares during the quarter. Nationwide Fund Advisors owned about 0.21% of FMC worth $24,911,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Oakbrook Investments LLC lifted its holdings in shares of FMC by 27.9% during the 3rd quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock worth $1,187,000 after acquiring an additional 2,900 shares during the period. Sandhill Capital Partners LLC increased its position in FMC by 4.0% during the 2nd quarter. Sandhill Capital Partners LLC now owns 244,848 shares of the basic materials company’s stock worth $17,886,000 after purchasing an additional 9,407 shares in the last quarter. Cibc World Markets Corp increased its position in FMC by 35.5% during the 2nd quarter. Cibc World Markets Corp now owns 18,936 shares of the basic materials company’s stock worth $1,383,000 after purchasing an additional 4,961 shares in the last quarter. Hanseatic Management Services Inc. increased its position in FMC by 13.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after purchasing an additional 1,688 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in FMC by 7.1% during the 2nd quarter. New York State Common Retirement Fund now owns 327,500 shares of the basic materials company’s stock worth $23,924,000 after purchasing an additional 21,799 shares in the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.
In other FMC news, VP Andrea E. Utecht sold 14,174 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total value of $1,190,616.00. Following the sale, the vice president now directly owns 131,639 shares in the company, valued at $11,057,676. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $92.00 target price on shares of FMC in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of FMC from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $110.00 price objective (up previously from $102.00) on shares of FMC in a research report on Thursday, November 9th. Bank of America Corporation increased their price objective on shares of FMC from $103.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $102.00 price objective (up previously from $93.00) on shares of FMC in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $90.94.
FMC Corporation (NYSE:FMC) opened at $94.61 on Monday. The stock has a market capitalization of $12,700.00, a PE ratio of 38.00, a P/E/G ratio of 3.17 and a beta of 1.61. FMC Corporation has a fifty-two week low of $54.75 and a fifty-two week high of $95.25. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70.
FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $646.20 million during the quarter, compared to analyst estimates of $686.21 million. During the same period in the previous year, the company earned $0.67 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. analysts anticipate that FMC Corporation will post 2.65 EPS for the current year.
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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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