Augustine Asset Management Inc adds FMC Corp (FMC) to its portfolio

FMC Corp (FMC) : Augustine Asset Management Inc added new position in FMC Corp during the most recent quarter end. The investment management firm now holds 54,590 shares of FMC Corp which is valued at $2,541,710 , the company said in a statement filed on Oct 14, 2016 with the SEC.FMC Corp makes up approximately 1.90% of Augustine Asset Management Inc’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in FMC in the latest quarter, The investment management firm added 26,462 additional shares and now holds a total of 71,216 shares of FMC Corp which is valued at $3,364,956. FMC Corp makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Genesee Valley Trust Co boosted its stake in FMC in the latest quarter, The investment management firm added 333 additional shares and now holds a total of 11,499 shares of FMC Corp which is valued at $543,328. FMC Corp makes up approx 0.35% of Genesee Valley Trust Co’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in FMC by selling 11,826 shares or 46.42% in the most recent quarter. The Hedge Fund company now holds 13,652 shares of FMC which is valued at $653,112. FMC Corp makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio. Washington Trust Bank added FMC to its portfolio by purchasing 41 company shares during the most recent quarter which is valued at $1,959.

FMC Corp opened for trading at $46.82 and hit $47.42 on the upside on Friday, eventually ending the session at $46.56, with a gain of 0.43% or 0.2 points. The heightened volatility saw the trading volume jump to 8,95,558 shares. Company has a market cap of $6,230 M.

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.

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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