FMC Corp (NYSE:FMC) CEO Pierre R. Brondeau sold 196,466 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $88.90, for a total transaction of $17,465,827.40. Following 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 filing with the SEC, which is available through this hyperlink.
Shares of FMC stock traded up $1.39 during trading hours on Tuesday, reaching $86.96. The stock had a trading volume of 764,738 shares, compared to its average volume of 1,045,372. The company has a quick ratio of 0.91, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. FMC Corp has a twelve month low of $69.36 and a twelve month high of $92.76. The company’s 50-day simple moving average is $84.53. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.48 and a beta of 1.49.
FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.03. FMC had a net margin of 10.65% and a return on equity of 27.33%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned $1.78 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that FMC Corp will post 5.8 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in FMC. Geode Capital Management LLC boosted its stake in shares of FMC by 8.2% in 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 purchasing an additional 128,306 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of FMC in the fourth quarter valued at $268,000. State of Alaska Department of Revenue boosted its stake in FMC by 1.5% during the 1st quarter. State of Alaska Department of Revenue now owns 24,497 shares of the basic materials company’s stock valued at $1,880,000 after acquiring an additional 366 shares during the last quarter. DNB Asset Management AS boosted its stake in FMC by 35.1% during the 1st quarter. DNB Asset Management AS now owns 30,965 shares of the basic materials company’s stock valued at $2,379,000 after acquiring an additional 8,043 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in FMC by 1.0% during the 1st quarter. Retirement Systems of Alabama now owns 62,702 shares of the basic materials company’s stock valued at $4,817,000 after acquiring an additional 616 shares during the last quarter. 90.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on FMC. Bank of America downgraded shares of FMC from a “buy” rating to a “neutral” rating in a research note on Thursday, August 1st. Nomura raised their price target on shares of FMC from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup restated a “buy” rating and issued a $93.00 price target (up from $91.00) on shares of FMC in a research report on Thursday, June 13th. Morgan Stanley began coverage on shares of FMC in a report on Monday, May 20th. They issued an “equal weight” rating and a $82.00 price objective on the stock. Finally, SunTrust Banks increased their price objective on shares of FMC to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $96.85.
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.
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