Janus Henderson Group PLC boosted its stake in FMC Corp (NYSE:FMC) by 42.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 170,345 shares of the basic materials company’s stock after acquiring an additional 50,927 shares during the quarter. Janus Henderson Group PLC’s holdings in FMC were worth $13,086,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. First Republic Investment Management Inc. bought a new stake in shares of FMC during the first quarter valued at approximately $215,000. Janney Montgomery Scott LLC raised its stake in FMC by 10.6% during the first quarter. Janney Montgomery Scott LLC now owns 15,474 shares of the basic materials company’s stock valued at $1,189,000 after buying an additional 1,483 shares during the last quarter. Skylands Capital LLC raised its stake in FMC by 6.3% during the first quarter. Skylands Capital LLC now owns 225,850 shares of the basic materials company’s stock valued at $17,350,000 after buying an additional 13,400 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in FMC during the first quarter valued at $499,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in FMC by 2.1% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,518 shares of the basic materials company’s stock valued at $4,188,000 after buying an additional 1,104 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on FMC shares. Stephens set a $95.00 price objective on FMC and gave the company a “buy” rating in a research note on Thursday, February 28th. ValuEngine upgraded FMC from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Loop Capital set a $102.00 price objective on FMC and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, KeyCorp lowered their price objective on FMC from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $96.45.
FMC stock opened at $75.68 on Thursday. FMC Corp has a 1-year low of $69.36 and a 1-year high of $92.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.26 and a quick ratio of 0.92. The firm has a market capitalization of $9.87 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.21 and a beta of 1.49.
FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.10. FMC had a return on equity of 27.53% and a net margin of 9.57%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that FMC Corp will post 5.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, June 27th. FMC’s dividend payout ratio is currently 25.44%.
In other news, Director Robert C. Pallash sold 6,992 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $87.28, for a total value of $610,261.76. Following the completion of the transaction, the director now owns 37,458 shares in the company, valued at $3,269,334.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrea E. Utecht sold 30,464 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $84.39, for a total value of $2,570,856.96. Following the sale, the vice president now owns 104,231 shares of the company’s stock, valued at approximately $8,796,054.09. The disclosure for this sale can be found here. Insiders sold 131,880 shares of company stock valued at $11,144,839 in the last 90 days. Company insiders own 1.50% of the company’s stock.
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.
See Also: Special Dividends
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).