FMC Corp (FMC, Financial), a leading crop chemical company, has recently experienced a significant decline in its stock value. Over the past week, the company's stock value has plummeted by about -12.51%, with a daily fall of 0.84. This contrasts sharply with its three-month return of -31.12%. The company's market cap has also seen a drop, falling to $13,046.59 in the most recent quarter from $15,283.57 in the preceding one. This volatility has sparked keen interest in the company's ownership trends.
Institutional Ownership and Key Players
FMC Corp's institutional ownership history reveals the levels of trust and confidence that major players have in the company's future. As of August 31, 2023, FMC Corp's institutional ownership level is 63.75%, up from 63.11% as of May 31, 2023, but down from 92.74% from a year ago.
Among the most significant stakeholders, the top fund managers owning chunks of FMC Corp's stock are VANGUARD GROUP INC (Trades, Portfolio), BlackRock Inc. (Trades, Portfolio), and WELLINGTON MANAGEMENT GROUP LLP (Trades, Portfolio), with 11.55%, 8.99%, and 7.41% of shares outstanding respectively.
Delving into Earnings: Past and Future
Financial performance remains a cornerstone of investment decisions. Over the past three years, FMC Corp's Ebitda growth averaged 12.1 per year, which is worse than 62.2% of 209 companies in the Agriculture industry. This growth extends to the five-year marker, with a growth of 30.2%.
Looking forward, the estimated earnings growth for FMC Corp is 7.6% per year, lower than the earnings growth of 17.1% during the past three years. The EPS Growth Rate (Future 3Y to 5Y Estimate) is projected using a combination of historical data and industry trends, factoring in company-specific elements, broader economic conditions, and anticipated market dynamics.
Insider Ownership and Activities
Insider ownership offers insights into the convictions of the company's board directors and C-level employees. FMC Corp's insider ownership is approximately 1.06% as of July 31, 2023, compared to insider ownership of 1% from a year ago, reflecting the increased faith of those intimately familiar with the company's operations.
Next Steps
In the ever-evolving realm of stocks, understanding the nuances of ownership and earnings is critical. FMC Corp's recent dip is a case study in how major players react to market shifts, and their movements offer crucial insights for potential investors. As always, a holistic view, combining both past performance and future projections, remains key to sound investment decisions.
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