Nicholas Pfeiffer Sells 375 Shares of FMC Corp (FMC) Stock
FMC Corp (NYSE:FMC) insider Nicholas Pfeiffer sold 375 shares of FMC 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 completion of the transaction, the insider now owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of FMC Corp (NYSE FMC) traded up $0.56 during trading on Wednesday, hitting $90.71. 914,858 shares of the stock traded hands, compared to its average volume of 1,269,202. FMC Corp has a fifty-two week low of $56.35 and a fifty-two week high of $95.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. The firm has a market cap of $12,035.23, a PE ratio of 36.00, a price-to-earnings-growth ratio of 3.00 and a beta of 1.61.
FMC (NYSE:FMC) last issued 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 net margin of 0.78% and a return on equity of 16.77%. The business had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. During the same quarter in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts expect that FMC Corp will post 2.65 earnings per share for the current year.
Several institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its holdings in shares of FMC by 0.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock valued at $8,077,000 after buying an additional 572 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of FMC by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after buying an additional 600 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of FMC by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after buying an additional 1,688 shares in the last quarter. Advisor Partners LLC acquired a new position in shares of FMC in the 3rd quarter valued at $216,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of FMC in the 3rd quarter valued at $246,000. Institutional investors and hedge funds own 89.34% of the company’s stock.
FMC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of FMC from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective for the company in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $85.00 price objective on shares of FMC in a report on Tuesday, September 5th. KeyCorp reiterated a “buy” rating and set a $98.00 price target on shares of FMC in a report on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating and set a $102.00 price target (up previously from $93.00) on shares of FMC in a report on Wednesday, November 8th. Finally, Nomura boosted their price target on shares of FMC from $97.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. FMC currently has an average rating of “Buy” and a consensus target price of $92.80.
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FMC Company Profile
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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