Centiva Capital LP Takes $551,000 Position in FMC Co. (NYSE:FMC)

Centiva Capital LP acquired a new stake in shares of FMC Co. (NYSE:FMC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,345 shares of the basic materials company's stock, valued at approximately $551,000.

A number of other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of FMC during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after buying an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC during the fourth quarter valued at about $37,000. IFP Advisors Inc lifted its holdings in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after buying an additional 379 shares in the last quarter. Finally, Principal Securities Inc. lifted 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 buying an additional 255 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Trading Down 0.3%

Shares of FMC stock traded down $0.10 on Tuesday, hitting $38.12. The stock had a trading volume of 1,502,834 shares, compared to its average volume of 2,048,577. The stock's 50-day simple moving average is $39.36 and its two-hundred day simple moving average is $47.05. FMC Co. has a one year low of $32.83 and a one year high of $68.55. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.90 and a beta of 0.80.

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

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.09%. FMC's dividend payout ratio is presently 88.55%.

Insider Buying and Selling

In other news, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronaldo Pereira acquired 5,600 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the acquisition, the insider now owns 48,837 shares of the company's stock, valued at $1,746,899.49. This represents a 12.95% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FMC has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Barclays decreased their price target on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Royal Bank of Canada lowered FMC from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Redburn Atlantic lowered FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a research note on Friday, February 14th. Finally, Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Friday, April 25th. One 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.com, the stock has an average rating of "Hold" and a consensus target price of $49.46.

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.