Cubist Systematic Strategies LLC Has $1.45 Million Stake in FMC Corp (FMC)
Cubist Systematic Strategies LLC reduced its position in FMC Corp (NYSE:FMC) by 81.8% during the second quarter, Holdings Channel reports. The firm owned 16,293 shares of the basic materials company’s stock after selling 73,188 shares during the period. Cubist Systematic Strategies LLC’s holdings in FMC were worth $1,453,000 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. bought a new position in FMC during the second quarter worth $116,000. Thompson Davis & CO. Inc. boosted its stake in FMC by 307.1% during the second quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock worth $127,000 after acquiring an additional 1,075 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in FMC by 221.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 1,050 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in FMC during the second quarter worth $139,000. Finally, Exane Derivatives bought a new position in FMC during the second quarter worth $141,000. 89.93% of the stock is currently owned by institutional investors.
In other FMC news, COO Mark Douglas acquired 4,250 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were purchased at an average cost of $86.13 per share, with a total value of $366,052.50. Following the completion of the purchase, the chief operating officer now owns 59,943 shares of the company’s stock, valued at $5,162,890.59. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $89.15, for a total transaction of $33,431.25. Following the completion of the transaction, the insider now directly owns 8,604 shares in the company, valued at $767,046.60. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
FMC stock opened at $85.42 on Monday. FMC Corp has a 1-year low of $72.73 and a 1-year high of $98.70. The firm has a market capitalization 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 debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.63.
FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. FMC had a net margin of 23.96% and a return on equity of 27.12%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 92.2% compared to the same quarter last year. equities research analysts predict that FMC Corp will post 6.07 EPS for the current year.
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 paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, September 27th. FMC’s dividend payout ratio (DPR) is 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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