Stephens Inc. AR Sells 14,809 Shares of FMC Corp (NYSE:FMC)

Stephens Inc. AR cut its holdings in shares of FMC Corp (NYSE:FMC) by 69.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,644 shares of the basic materials company’s stock after selling 14,809 shares during the quarter. Stephens Inc. AR’s holdings in FMC were worth $551,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FMC. Boston Partners raised its holdings in FMC by 12.4% during the first quarter. Boston Partners now owns 6,486,738 shares of the basic materials company’s stock valued at $498,311,000 after acquiring an additional 717,477 shares during the period. Northern Trust Corp raised its holdings in FMC by 11.0% during the first quarter. Northern Trust Corp now owns 2,713,988 shares of the basic materials company’s stock valued at $208,489,000 after acquiring an additional 268,542 shares during the period. Retirement Systems of Alabama raised its holdings in FMC by 387.4% during the second quarter. Retirement Systems of Alabama now owns 305,610 shares of the basic materials company’s stock valued at $25,350,000 after acquiring an additional 242,908 shares during the period. Geode Capital Management LLC raised its holdings in FMC by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 1,701,688 shares of the basic materials company’s stock valued at $125,630,000 after acquiring an additional 128,306 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in FMC by 69.6% during the second quarter. Janus Henderson Group PLC now owns 288,955 shares of the basic materials company’s stock valued at $23,972,000 after acquiring an additional 118,610 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on FMC shares. Morgan Stanley started coverage on FMC in a report on Monday, May 20th. They set an “equal weight” rating and a $82.00 price target on the stock. Buckingham Research raised their price target on FMC from $94.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Nomura lifted their target price on FMC from $93.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. SunTrust Banks lifted their target price on FMC to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Monday, June 3rd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $96.85.

In related news, CEO Pierre R. Brondeau sold 196,466 shares of FMC stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $88.90, for a total value of $17,465,827.40. Following the completion of the transaction, the chief executive officer now owns 368,778 shares in the company, valued at $32,784,364.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas Pfeiffer sold 2,446 shares of FMC stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $80.67, for a total value of $197,318.82. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Shares of FMC stock opened at $86.18 on Thursday. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49. FMC Corp has a 12-month low of $69.36 and a 12-month high of $92.76. The company has a current ratio of 1.27, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average price is $84.94 and its 200-day moving average price is $81.14.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. FMC had a return on equity of 27.33% and a net margin of 10.65%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.78 earnings per share. As a group, research analysts predict that FMC Corp will post 5.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a $0.40 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.60 annualized dividend and a yield of 1.86%. FMC’s dividend payout ratio is currently 25.44%.

FMC Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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