Robeco Institutional Asset Management B.V. reduced its stake in shares of FMC Corp (NYSE:FMC) by 94.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,053 shares of the basic materials company’s stock after selling 84,847 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in FMC were worth $440,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of FMC. North Star Investment Management Corp. acquired a new position in FMC in the second quarter valued at approximately $116,000. Thompson Davis & CO. Inc. lifted its holdings in FMC by 307.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 1,075 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in FMC by 221.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 1,050 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in FMC in the second quarter valued at approximately $139,000. Finally, Exane Derivatives acquired a new position in FMC in the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 89.77% of the company’s stock.
In related news, Director Dirk A. Kempthorne acquired 1,173 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were acquired at an average price of $86.12 per share, with a total value of $101,018.76. Following the completion of the transaction, the director now owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mark Douglas acquired 4,250 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were bought at an average cost of $86.13 per share, for a total transaction of $366,052.50. Following the transaction, the chief operating officer now directly owns 59,943 shares of the company’s stock, valued at approximately $5,162,890.59. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.
FMC (NYSE:FMC) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. FMC had a return on equity of 26.26% and a net margin of 22.28%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The firm’s revenue was up 60.4% compared to the same quarter last year. As a group, analysts anticipate that FMC Corp will post 6.05 EPS for the current fiscal year.
A number of research analysts recently commented on FMC shares. Zacks Investment Research cut FMC from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. ValuEngine cut FMC from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Citigroup began coverage on FMC in a research note on Monday. They set a “buy” rating and a $92.00 price target on the stock. Finally, Credit Suisse Group began coverage on FMC in a research note on Monday. They set an “outperform” rating and a $103.00 price target on the stock. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $102.15.
FMC Company 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.
Featured Story: Risk Tolerance
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.