19,538 Shares in FMC Co. (NYSE:FMC) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in shares of FMC Co. (NYSE:FMC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,538 shares of the basic materials company's stock, valued at approximately $950,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in FMC by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after purchasing an additional 180,766 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of FMC by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock valued at $212,714,000 after buying an additional 321,241 shares during the period. Invesco Ltd. grew its stake in shares of FMC by 37.8% during the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after buying an additional 977,110 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FMC by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock worth $145,452,000 after buying an additional 54,017 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of FMC by 44.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after acquiring an additional 707,727 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

FMC has been the topic of several research analyst reports. Vertical Research raised FMC to a "hold" rating in a research report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. StockNews.com lowered shares of FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a research note on Friday, April 25th. Finally, Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $49.46.

FMC Stock Up 0.5 %

Shares of FMC traded up $0.20 during trading hours on Friday, hitting $36.80. The company had a trading volume of 1,464,697 shares, compared to its average volume of 2,047,925. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.60 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. FMC Co. has a one year low of $32.83 and a one year high of $68.72. The company's fifty day moving average price is $39.39 and its two-hundred day moving average price is $47.32.

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

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 88.55%.

Insiders Place Their Bets

In other news, Director Carol Anthony Davidson purchased 6,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronaldo Pereira acquired 5,600 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares of the company's stock, 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. 0.67% of the stock is owned by insiders.

About FMC

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.