FMC Corp (FMC) : Sandhill Capital Partners reduced its stake in FMC Corp by 0.6% during the most recent quarter end. The investment management company now holds a total of 356,100 shares of FMC Corp which is valued at $16,380,600 after selling 2,159 shares in FMC Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.FMC Corp makes up approximately 5.36% of Sandhill Capital Partners’s portfolio.
Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in FMC in the latest quarter, The investment management firm added 15,022 additional shares and now holds a total of 503,768 shares of FMC Corp which is valued at $24,180,864. FMC Corp makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio. San Francisco Sentry Investment Group (ca) sold out all of its stake in FMC during the most recent quarter. The investment firm sold 7,900 shares of FMC which is valued $341,754.Mizuho Trust Banking Ltd. boosted its stake in FMC in the latest quarter, The investment management firm added 13,285 additional shares and now holds a total of 209,450 shares of FMC Corp which is valued at $9,060,807. FMC Corp makes up approx 0.03% of Mizuho Trust Banking Ltd.’s portfolio.
FMC Corp closed down -0.99 points or -2.11% at $46 with 12,75,459 shares getting traded on Friday. Post opening the session at $46.99, the shares hit an intraday low of $46 and an intraday high of $47.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, FMC Corp reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.53. The company had revenue of $798.80 million for the quarter, compared to analysts expectations of $779.88 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on FMC Corp. Shares were Downgraded by Credit Suisse on Apr 21, 2016 to ” Neutral” and Lowered the Price Target to $ 43 from a previous price target of $45 .FMC Corp was Initiated by Credit Agricole to “Outperform” on Apr 15, 2016.
FMC Corporation is a diversified chemical company. The Company serves agricultural consumer and industrial markets with solutions applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions FMC Health and Nutrition and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops markets and sells three classes of crop protection chemicals which include insecticides herbicides and fungicides. The FMC Health and Nutrition segment focuses on food pharmaceutical ingredients nutraceuticals personal care and similar markets. The pharmaceutical additives are used for binding encapsulation and disintegrant applications. The Company’s FMC Lithium segment manufactures lithium products.