FMC Co. (NYSE:FMC) Holdings Raised by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its position in shares of FMC Co. (NYSE:FMC - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,502 shares of the basic materials company's stock after buying an additional 28,830 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.08% of FMC worth $5,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 worth $743,338,000 after buying an additional 180,766 shares during the period. Invesco Ltd. increased its holdings in FMC by 37.8% during the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock worth $173,008,000 after purchasing an additional 977,110 shares during the period. Geode Capital Management LLC boosted its stake in shares of FMC by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after buying an additional 54,017 shares during the period. Bank of New York Mellon Corp lifted its position in shares of FMC by 48.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company's stock worth $101,509,000 after purchasing an additional 685,995 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in shares of FMC by 14.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,861,057 shares of the basic materials company's stock worth $90,466,000 after acquiring an additional 241,582 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Up 0.1 %

FMC stock traded up $0.04 during trading on Tuesday, reaching $41.63. 532,410 shares of the company's stock were exchanged, compared to its average volume of 2,037,123. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.72. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.90 and a beta of 0.83. The company's 50-day moving average is $39.34 and its two-hundred day moving average is $48.76.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Monday, March 31st. FMC's dividend payout ratio (DPR) is presently 85.29%.

Insider Activity

In related news, Director Carol Anthony Davidson purchased 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, with a total value of $223,980.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at $223,980. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ronaldo Pereira acquired 5,600 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now 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. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

FMC has been the topic of several research analyst reports. StockNews.com lowered shares of FMC from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. UBS Group cut shares of FMC from a "buy" rating to a "neutral" rating and cut their target price for the company from $66.00 to $38.00 in a report on Friday, February 7th. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Friday. The Goldman Sachs Group assumed coverage on shares of FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price target on the stock. Finally, Vertical Research raised FMC to a "hold" rating in a research note on Wednesday, February 5th. 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 company's stock. Based on data from MarketBeat, FMC presently has a consensus rating of "Hold" and a consensus price target of $48.92.

FMC Company 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.