Atlantic Investment Management Inc. Invests $15.60 Million in FMC Co. (NYSE:FMC)

Atlantic Investment Management Inc. purchased a new position in FMC Co. (NYSE:FMC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 321,000 shares of the basic materials company's stock, valued at approximately $15,604,000. FMC makes up 7.5% of Atlantic Investment Management Inc.'s portfolio, making the stock its 6th largest position. Atlantic Investment Management Inc. owned approximately 0.26% of FMC as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FMC. Golden State Wealth Management LLC purchased a new stake in shares of FMC in the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its stake in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC during the fourth quarter worth $37,000. IFP Advisors Inc boosted its stake in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. grew its holdings in shares of FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock worth $48,000 after purchasing an additional 255 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FMC shares. Redburn Atlantic cut FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a research note on Friday, February 14th. KeyCorp raised their price target on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday. Barclays lowered their target price on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, February 7th. UBS Group raised their price objective on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.46.

Insider Buying and Selling at FMC

In related news, Director Carol Anthony Davidson bought 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ronaldo Pereira acquired 5,600 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

FMC Price Performance

FMC traded down $0.21 on Tuesday, hitting $35.70. 1,987,795 shares of the company's stock were exchanged, compared to its average volume of 2,064,237. The firm has a 50-day moving average price of $39.44 and a 200-day moving average price of $47.95. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.90 and a beta of 0.80. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.72.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. FMC's quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, equities analysts anticipate that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 6.50%. FMC's dividend payout ratio (DPR) is 88.55%.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.