Corsair Capital Management LP Lifted Its F M C (FMC) Stake by $13.80 Million; As Apple (AAPL) Share Price Rose, Lederer & Associates Investment Counsel Lowered Its Holding

February 22, 2018 - By Hazel Jackson

Jay Petschek increased its stake in F M C Corp (FMC) by 310.21% based on its latest 2017Q3 regulatory filing with the SEC. Corsair Capital Management Lp bought 155,106 shares as the company’s stock rose 27.61% with the market. The hedge fund run by Jay Petschek held 205,106 shares of the major chemicals company at the end of 2017Q3, valued at $18.32 million, up from 50,000 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in F M C Corp for a number of months, seems to be bullish on the $11.23B market cap company. The stock increased 1.83% or $1.5 during the last trading session, reaching $83.62. About 467,018 shares traded. FMC Corporation (NYSE:FMC) has risen 62.57% since February 22, 2017 and is uptrending. It has outperformed by 45.87% the S&P500.

Lederer & Associates Investment Counsel decreased its stake in Apple Inc (AAPL) by 9.52% based on its latest 2017Q3 regulatory filing with the SEC. Lederer & Associates Investment Counsel sold 3,553 shares as the company’s stock rose 12.78% with the market. The institutional investor held 33,783 shares of the computer manufacturing company at the end of 2017Q3, valued at $5.21 million, down from 37,336 at the end of the previous reported quarter. Lederer & Associates Investment Counsel who had been investing in Apple Inc for a number of months, seems to be less bullish one the $879.78B market cap company. The stock increased 1.36% or $2.32 during the last trading session, reaching $173.39. About 15.06M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 22, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.




Corsair Capital Management Lp, which manages about $1.44B and $596.34 million US Long portfolio, decreased its stake in Aramark (NYSE:ARMK) by 30,627 shares to 286,396 shares, valued at $11.63 million in 2017Q3, according to the filing. It also reduced its holding in Aon Plc (NYSE:AON) by 7,902 shares in the quarter, leaving it with 202,401 shares, and cut its stake in Gray Television Inc (NYSE:GTN).

Among 32 analysts covering FMC Tech (NYSE:FMC), 21 have Buy rating, 1 Sell and 10 Hold. Therefore 66% are positive. FMC Tech had 94 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of FMC Corporation (NYSE:FMC) earned “Buy” rating by RBC Capital Markets on Monday, October 9. Seaport Global Securities upgraded FMC Corporation (NYSE:FMC) on Monday, October 5 to “Buy” rating. On Monday, April 3 the stock rating was upgraded by Seaport Global to “Buy”. On Friday, January 8 the stock rating was upgraded by Societe Generale to “Buy”. The firm has “Neutral” rating by PiperJaffray given on Monday, November 28. The stock of FMC Corporation (NYSE:FMC) has “Hold” rating given on Friday, July 14 by Piper Jaffray. The firm has “Neutral” rating by Citigroup given on Monday, November 13. The stock has “Hold” rating by Piper Jaffray on Wednesday, August 2. The rating was initiated by RBC Capital Markets on Thursday, February 23 with “Outperform”. The stock has “Buy” rating by Jefferies on Tuesday, July 4.

Since August 29, 2017, it had 0 insider purchases, and 3 selling transactions for $2.13 million activity. Shares for $1.19 million were sold by UTECHT ANDREA E on Tuesday, August 29. Another trade for 10,698 shares valued at $903,031 was sold by DOUGLAS MARK.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.18, from 0.91 in 2017Q2. It improved, as 36 investors sold FMC shares while 164 reduced holdings. 77 funds opened positions while 141 raised stakes. 118.19 million shares or 0.61% less from 118.92 million shares in 2017Q2 were reported. Moreover, Allen Investment Mgmt Lc has 0.03% invested in FMC Corporation (NYSE:FMC). Employees Retirement Association Of Colorado reported 26,011 shares stake. Farmers And Merchants has invested 0% in FMC Corporation (NYSE:FMC). Ny State Teachers Retirement System invested 0.05% of its portfolio in FMC Corporation (NYSE:FMC). Gotham Asset Mgmt Limited Liability Corp has 21,699 shares. 7,294 are held by Riverhead Mgmt Llc. Clearline Capital Lp stated it has 2.33% in FMC Corporation (NYSE:FMC). Glenmede Trust Na owns 0% invested in FMC Corporation (NYSE:FMC) for 2,708 shares. Mesirow Fincl Inv Management owns 15,955 shares. Cardinal Mngmt Llc Ct holds 346,830 shares or 1.28% of its portfolio. Goldman Sachs Grp Inc reported 0.02% stake. Argent Trust accumulated 4,022 shares or 0.1% of the stock. Cadence Management Ltd Limited Liability Company holds 0.12% or 21,800 shares. Ameritas Investment Ptnrs Inc reported 20,799 shares or 0.09% of all its holdings. Lombard Odier Asset Mgmt (Switzerland) Sa holds 0.13% or 15,459 shares in its portfolio.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Piper Jaffray on Friday, September 11. The firm has “Buy” rating given on Friday, September 22 by Nomura. As per Monday, October 23, the company rating was maintained by UBS. Longbow upgraded the stock to “Outperform” rating in Wednesday, March 30 report. The company was maintained on Wednesday, August 2 by Barclays Capital. The rating was maintained by Deutsche Bank with “Hold” on Monday, January 11. Credit Suisse maintained the shares of AAPL in report on Wednesday, July 27 with “Outperform” rating. Maxim Group maintained it with “Buy” rating and $162 target in Wednesday, January 27 report. The firm earned “Outperform” rating on Wednesday, February 1 by RBC Capital Markets. The firm has “Buy” rating by Brean Capital given on Monday, April 4.

Since August 24, 2017, it had 0 insider purchases, and 6 sales for $27.32 million activity. 15,641 shares were sold by Riccio Daniel J., worth $2.65 million. $8.79M worth of Apple Inc. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W. The insider Srouji Johny sold 5,892 shares worth $948,612. $9.78M worth of Apple Inc. (NASDAQ:AAPL) was sold by AHRENDTS ANGELA J.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.72 earnings per share, up 29.52% or $0.62 from last year’s $2.1 per share. AAPL’s profit will be $13.80B for 15.94 P/E if the $2.72 EPS becomes a reality. After $3.89 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

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