Cubist Systematic Strategies LLC increased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 1,458.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,888 shares of the basic materials company's stock after purchasing an additional 59,788 shares during the period. Cubist Systematic Strategies LLC owned 0.05% of FMC worth $3,106,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reinhart Partners LLC. increased its position in shares of FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock valued at $11,050,000 after acquiring an additional 39,230 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FMC by 2.5% during 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 acquiring an additional 28,059 shares during the last quarter. Brookstone Capital Management increased its position in shares of FMC by 9.4% during the fourth quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company's stock valued at $8,015,000 after acquiring an additional 14,197 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of FMC during the fourth quarter valued at about $5,573,000. Finally, Caprock Group LLC acquired a new stake in shares of FMC during the fourth quarter valued at about $208,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.
FMC Stock Up 2.2%
Shares of NYSE:FMC traded up $0.85 during trading on Friday, hitting $40.07. 669,807 shares of the company were exchanged, compared to its average volume of 2,046,652. The stock has a market capitalization of $5.00 billion, a P/E ratio of 14.75, a PEG ratio of 1.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.55. The firm's 50 day moving average price is $39.19 and its 200-day moving average price is $46.77.
FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. The business 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%. The company's revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, research analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.
FMC Announces Dividend
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 of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.79%. FMC's dividend payout ratio (DPR) is 88.55%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on FMC shares. StockNews.com cut shares of FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Royal Bank of Canada lowered shares of FMC from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. Bank of America reissued an "underperform" rating and issued a $48.00 price objective (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Finally, UBS Group raised their price objective on shares of FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $49.46.
Read Our Latest Stock Report on FMC
Insider Activity at FMC
In other FMC news, insider Ronaldo Pereira purchased 5,600 shares of FMC 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 transaction, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This trade represents a 12.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carol Anthony Davidson acquired 6,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of 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 disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.
FMC Company Profile
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Free Report)
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.
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