Waratah Capital Advisors Ltd. Lowers Holdings in FMC Corp (FMC)
Waratah Capital Advisors Ltd. lowered its holdings in shares of FMC Corp (NYSE:FMC) by 27.6% in the 3rd quarter, Holdings Channel reports. The firm owned 15,783 shares of the basic materials company’s stock after selling 6,005 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in FMC were worth $1,376,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. bought a new position in FMC during the second quarter valued at $116,000. Thompson Davis & CO. Inc. lifted its holdings in shares of FMC by 307.1% in the 2nd 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 during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of FMC by 221.1% in the 2nd 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 during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of FMC in the 2nd quarter worth about $139,000. Finally, Exane Derivatives bought a new stake in shares of FMC in the 2nd quarter worth about $141,000. Institutional investors and hedge funds own 89.70% of the company’s stock.
In related news, insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction dated 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 sale, the insider now owns 8,604 shares in the company, valued at approximately $767,046.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dirk A. Kempthorne acquired 1,173 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were bought at an average price of $86.12 per share, with a total value of $101,018.76. Following the acquisition, the director now directly owns 35,783 shares in the company, valued at $3,081,631.96. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
Shares of FMC opened at $75.79 on Friday. FMC Corp has a 1-year low of $72.73 and a 1-year high of $98.70. The stock has a market cap of $10.20 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.68 and a beta of 1.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.63 and a quick ratio of 1.24.
FMC (NYSE:FMC) last announced 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue for the quarter was up 92.2% on a year-over-year basis. Research analysts forecast that FMC Corp will post 6.06 EPS for the current fiscal year.
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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