Lombard Odier Asset Management Switzerland SA reduced its holdings in FMC Corp (NYSE:FMC) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,695 shares of the basic materials company’s stock after selling 764 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in FMC were worth $1,391,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Nationwide Fund Advisors lifted its position in FMC by 12.0% in the 3rd quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock valued at $24,911,000 after purchasing an additional 29,858 shares during the last quarter. Aperio Group LLC raised its position in shares of FMC by 6.4% during the 3rd quarter. Aperio Group LLC now owns 49,289 shares of the basic materials company’s stock worth $4,402,000 after buying an additional 2,960 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of FMC by 4.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 228,373 shares of the basic materials company’s stock worth $20,396,000 after buying an additional 9,303 shares in the last quarter. Gabelli Funds LLC raised its position in shares of FMC by 1.8% during the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after buying an additional 600 shares in the last quarter. Finally, Advisor Partners LLC bought a new stake in shares of FMC during the 3rd quarter worth about $216,000. Institutional investors own 90.64% of the company’s stock.
In other news, insider Mark Douglas sold 10,698 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the sale, the insider now directly owns 63,191 shares in the company, valued at $5,333,952.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.
FMC Corp (FMC) traded down $1.09 during midday trading on Wednesday, reaching $82.69. 926,016 shares of the company’s stock were exchanged, compared to its average volume of 1,508,420. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.20. The firm has a market capitalization of $11,267.65, a PE ratio of 20.72, a PEG ratio of 1.37 and a beta of 1.60. FMC Corp has a 1 year low of $59.26 and a 1 year high of $98.70.
FMC (NYSE:FMC) last posted its 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 firm had revenue of $979.60 million during the quarter, compared to analysts’ expectations of $993.57 million. During the same period in the previous year, the company earned $0.88 earnings per share. The company’s revenue was up 42.3% compared to the same quarter last year. analysts expect that FMC Corp will post 5.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders 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 dividend yield of 0.80%. The ex-dividend date is Wednesday, March 28th. FMC’s payout ratio is 16.54%.
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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