FMC Target of Unusually Large Options Trading (NYSE:FMC)
FMC Corp (NYSE:FMC) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 2,449 call options on the stock. This is an increase of approximately 1,349% compared to the average volume of 169 call options.
Shares of FMC stock opened at $97.91 on Friday. The firm has a 50-day moving average of $88.74 and a 200-day moving average of $84.26. The stock has a market cap of $12.63 billion, a PE ratio of 15.57, a PEG ratio of 1.61 and a beta of 1.47. FMC has a 52-week low of $69.36 and a 52-week high of $99.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.62.
FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.14. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $978.47 million. FMC had a net margin of 11.08% and a return on equity of 27.94%. FMC’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities research analysts predict that FMC will post 5.86 earnings per share for the current fiscal year.
In related news, COO Mark Douglas sold 22,390 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $89.83, for a total transaction of $2,011,293.70. Following the completion of the sale, the chief operating officer now owns 60,584 shares of the company’s stock, valued at approximately $5,442,260.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Pierre R. Brondeau sold 24,738 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $96.88, for a total transaction of $2,396,617.44. Insiders have sold a total of 56,346 shares of company stock worth $5,245,643 in the last ninety days. 1.50% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in FMC. Jennison Associates LLC raised its stake in FMC by 5.9% in the second quarter. Jennison Associates LLC now owns 1,324,688 shares of the basic materials company’s stock valued at $109,883,000 after purchasing an additional 73,611 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of FMC by 387.4% during the second quarter. Retirement Systems of Alabama now owns 305,610 shares of the basic materials company’s stock valued at $25,350,000 after buying an additional 242,908 shares during the period. Dupont Capital Management Corp purchased a new position in shares of FMC during the second quarter valued at approximately $216,000. Zurich Insurance Group Ltd FI purchased a new position in shares of FMC during the second quarter valued at approximately $2,183,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of FMC by 19.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,223 shares of the basic materials company’s stock valued at $1,843,000 after buying an additional 3,552 shares during the period. 90.78% of the stock is owned by institutional investors.
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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