FMC Corp (FMC) Shares Bought by Centaurus Financial Inc.
Centaurus Financial Inc. grew its position in shares of FMC Corp (NYSE:FMC) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,376 shares of the basic materials company’s stock after purchasing an additional 1,058 shares during the period. Centaurus Financial Inc.’s holdings in FMC were worth $1,015,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of FMC. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in FMC in the second quarter worth about $651,000. Banco de Sabadell S.A purchased a new position in FMC in the second quarter worth about $556,000. Tower Research Capital LLC TRC grew its position in FMC by 1,099.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,990 shares of the basic materials company’s stock worth $1,070,000 after acquiring an additional 10,990 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new position in FMC in the second quarter worth about $7,137,000. Finally, Marshall Wace LLP purchased a new position in FMC in the second quarter worth about $1,022,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.
In other FMC news, Director Dirk A. Kempthorne bought 1,173 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was acquired at an average price of $86.12 per share, for a total transaction of $101,018.76. Following the completion of the transaction, the director now directly owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Mark Douglas bought 4,250 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were acquired at an average price of $86.13 per share, with a total value of $366,052.50. Following the transaction, the chief operating officer now directly owns 59,943 shares of the company’s stock, valued at $5,162,890.59. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.
Shares of NYSE:FMC opened at $85.42 on Friday. FMC Corp has a 1 year low of $72.73 and a 1 year high of $98.70. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.74 and a beta of 1.61. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.96.
FMC (NYSE:FMC) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. FMC had a return on equity of 27.12% and a net margin of 23.96%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 92.2% compared to the same quarter last year. analysts anticipate that FMC Corp will post 6.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. FMC’s dividend payout ratio (DPR) is presently 24.35%.
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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