Bowen Hanes Co Inc buys $33,157,022 stake in FMC Corp (FMC)

FMC Corp (FMC) : Bowen Hanes Co Inc scooped up 51,147 additional shares in FMC Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 628,450 shares of FMC Corp which is valued at $33,157,022.FMC Corp makes up approximately 1.79% of Bowen Hanes Co Inc’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. boosted its stake in FMC in the latest quarter, The investment management firm added 10,600 additional shares and now holds a total of 11,100 shares of FMC Corp which is valued at $585,636. FMC Corp makes up approx 0.08% of Pacad Investment Ltd.’s portfolio.Swiss National Bank reduced its stake in FMC by selling 4,600 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 370,036 shares of FMC which is valued at $19,830,229. FMC Corp makes up approx 0.03% of Swiss National Bank’s portfolio. Stoneridge Investment Partners added FMC to its portfolio by purchasing 44,949 company shares during the most recent quarter which is valued at $2,107,659. FMC Corp makes up approx 0.31% of Stoneridge Investment Partners’s portfolio.Meeder Asset Management Inc reduced its stake in FMC by selling 150 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 13,445 shares of FMC which is valued at $634,873. FMC Corp makes up approx 0.05% of Meeder Asset Management Inc’s portfolio.

FMC Corp opened for trading at $53.67 and hit $54.17 on the upside on Monday, eventually ending the session at $54.02, with a gain of 0.41% or 0.22 points. The heightened volatility saw the trading volume jump to 10,59,939 shares. Company has a market cap of $7,230 M.

On the company’s financial health, FMC Corp reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.59. The company had revenue of $807.70 million for the quarter, compared to analysts expectations of $795.56 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on FMC Corp. FMC Corp was Upgraded by Credit Suisse to ” Outperform” on Nov 4, 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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