CoreCommodity Management LLC Increases Stock Position in FMC Co. (NYSE:FMC)

CoreCommodity Management LLC grew its position in shares of FMC Co. (NYSE:FMC - Free Report) by 71.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,905 shares of the basic materials company's stock after purchasing an additional 46,546 shares during the quarter. FMC makes up 1.1% of CoreCommodity Management LLC's holdings, making the stock its 8th biggest holding. CoreCommodity Management LLC owned approximately 0.09% of FMC worth $5,440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Reinhart Partners LLC. grew its holdings in FMC by 20.9% during the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock worth $11,050,000 after acquiring an additional 39,230 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock valued at $56,602,000 after purchasing an additional 28,059 shares during the period. Brookstone Capital Management increased its holdings in FMC by 9.4% in the fourth quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock valued at $8,015,000 after purchasing an additional 14,197 shares during the period. Raymond James Financial Inc. bought a new position in FMC during the 4th quarter worth $5,573,000. Finally, Caprock Group LLC acquired a new position in FMC during the 4th quarter worth about $208,000. Institutional investors and hedge funds own 91.86% of the company's stock.

Analysts Set New Price Targets

FMC has been the subject of a number of analyst reports. 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. KeyCorp raised their price target on shares of FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley reduced their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup lifted their target price on shares of FMC from $55.00 to $61.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets cut their price target on shares of FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, FMC presently has an average rating of "Hold" and an average price target of $49.46.

FMC Stock Up 0.5 %

NYSE:FMC traded up $0.20 on Friday, hitting $36.80. The stock had a trading volume of 1,464,697 shares, compared to its average volume of 2,044,950. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 52 week low of $32.83 and a 52 week high of $68.72. The business's fifty day moving average is $39.39 and its 200 day moving average is $47.42. The company has a market cap of $4.60 billion, a PE ratio of 13.53, a P/E/G ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (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 the consensus estimate of $783.70 million. During the same quarter last year, the firm posted $0.36 EPS. FMC's revenue was down 13.8% compared to the same quarter last year. On average, equities research analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 6.30%. FMC's payout ratio is 88.55%.

Insider Buying and Selling at FMC

In other 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 bought at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now directly 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 legal filing with the SEC, which can be accessed through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of FMC stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This 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.

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.