FMC Corporation (FMC) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can grew its holdings in shares of FMC Corporation (NYSE:FMC) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,917 shares of the basic materials company’s stock after acquiring an additional 572 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of FMC worth $8,077,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Canada Pension Plan Investment Board increased its stake in shares of FMC by 78.8% in the second quarter. Canada Pension Plan Investment Board now owns 219,070 shares of the basic materials company’s stock valued at $16,003,000 after buying an additional 96,559 shares during the period. Rhumbline Advisers increased its stake in shares of FMC by 7.8% in the second quarter. Rhumbline Advisers now owns 268,991 shares of the basic materials company’s stock valued at $19,650,000 after buying an additional 19,430 shares during the period. Atlantic Trust Group LLC increased its stake in shares of FMC by 4.2% in the second quarter. Atlantic Trust Group LLC now owns 226,925 shares of the basic materials company’s stock valued at $16,576,000 after buying an additional 9,215 shares during the period. Schroder Investment Management Group increased its stake in shares of FMC by 692.7% in the second quarter. Schroder Investment Management Group now owns 32,500 shares of the basic materials company’s stock valued at $2,384,000 after buying an additional 28,400 shares during the period. Finally, Dorsey Wright & Associates acquired a new position in shares of FMC in the second quarter valued at approximately $1,667,000. 89.34% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. KeyCorp reaffirmed a “buy” rating and issued a $112.00 price objective on shares of FMC in a research note on Monday. Stephens started coverage on FMC in a report on Monday. They issued an “equal weight” rating and a $91.00 target price on the stock. Goldman Sachs Group started coverage on FMC in a report on Monday. They issued a “neutral” rating and a $98.00 target price on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $92.00 target price on shares of FMC in a report on Friday, November 10th. Finally, Zacks Investment Research cut FMC from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $92.61.
FMC Corporation (NYSE FMC) opened at $87.99 on Thursday. FMC Corporation has a twelve month low of $56.35 and a twelve month high of $95.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. The stock has a market capitalization of $12,063.42, a price-to-earnings ratio of 36.08, a P/E/G ratio of 3.01 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, topping analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $646.20 million for the quarter, compared to analysts’ expectations of $686.21 million. FMC had a return on equity of 16.77% and a net margin of 0.78%. FMC’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. analysts predict that FMC Corporation will post 2.65 earnings per share for the current year.
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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