AMP Capital Investors Ltd Has $4.02 Million Stake in FMC Corp (FMC)
AMP Capital Investors Ltd reduced its position in FMC Corp (NYSE:FMC) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 45,012 shares of the basic materials company’s stock after selling 1,100 shares during the period. AMP Capital Investors Ltd’s holdings in FMC were worth $4,016,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new position in shares of FMC during the 2nd quarter valued at $116,000. Thompson Davis & CO. Inc. lifted its position in shares of FMC by 307.1% during the 2nd 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 period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of FMC by 221.1% during the 2nd 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 period. Piedmont Investment Advisors LLC acquired a new position in shares of FMC during the 2nd quarter valued at $139,000. Finally, Exane Derivatives acquired a new position in shares of FMC during the 2nd quarter valued at $141,000. 89.93% of the stock is currently owned by institutional investors.
FMC opened at $86.23 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.63. FMC Corp has a 1-year low of $72.73 and a 1-year high of $98.70. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.66 annualized dividend and a yield of 0.77%. FMC’s payout ratio is 24.35%.
In other FMC news, COO Mark Douglas acquired 4,250 shares of the stock in a transaction on Tuesday, August 14th. The shares were purchased at an average price of $86.13 per share, for a total transaction of $366,052.50. Following the completion of the acquisition, the chief operating officer now owns 59,943 shares in the company, valued at approximately $5,162,890.59. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $89.15, for a total transaction of $33,431.25. Following the transaction, the insider now owns 8,604 shares in the company, valued at approximately $767,046.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
FMC has been the topic of a number of research reports. Credit Suisse Group set a $107.00 target price on shares of FMC and gave the company a “buy” rating in a research report on Tuesday, June 12th. Zacks Investment Research downgraded shares of FMC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, Nomura boosted their target price on shares of FMC from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $103.07.
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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