Atlantic Investment Management Lowers stake in FMC Corp (FMC)

FMC Corp (FMC) : Atlantic Investment Management reduced its stake in FMC Corp by 21.86% during the most recent quarter end. The investment management company now holds a total of 2,697,700 shares of FMC Corp which is valued at $128,545,405 after selling 754,727 shares in FMC Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.FMC Corp makes up approximately 13.73% of Atlantic Investment Management’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp added FMC to its portfolio by purchasing 7,898 company shares during the most recent quarter which is valued at $376,340. FMC Corp makes up approx 0.01% of Stevens Capital Management Lp’s portfolio.Andra Ap-fonden reduced its stake in FMC by selling 19,100 shares or 64.31% in the most recent quarter. The Hedge Fund company now holds 10,600 shares of FMC which is valued at $505,090. FMC Corp makes up approx 0.01% of Andra Ap-fonden’s portfolio.Public Sector Pension Investment Board boosted its stake in FMC in the latest quarter, The investment management firm added 3,900 additional shares and now holds a total of 25,429 shares of FMC Corp which is valued at $1,211,692. FMC Corp makes up approx 0.01% of Public Sector Pension Investment Board’s portfolio.Quadrant Capital Group boosted its stake in FMC in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 69 shares of FMC Corp which is valued at $3,280.

FMC Corp closed down -0.24 points or -0.51% at $46.7 with 6,95,162 shares getting traded on Thursday. Post opening the session at $47, the shares hit an intraday low of $46.3 and an intraday high of $47.1434 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, FMC Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.68. The company had revenue of $810.30 million for the quarter, compared to analysts expectations of $894.31 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Jul 20, 2016, FMC Corp announced a cash dividend of $0.1650. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 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.

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