Ethic Inc. trimmed its position in shares of FMC Co. (NYSE:FMC - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,712 shares of the basic materials company's stock after selling 19,267 shares during the quarter. Ethic Inc.'s holdings in FMC were worth $1,785,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FMC. Vanguard Group Inc. increased its holdings in FMC by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after buying an additional 180,766 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of FMC by 7.9% in the 4th 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 purchasing an additional 321,241 shares in the last quarter. Invesco Ltd. raised its holdings in FMC by 37.8% in 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 position in FMC by 1.8% during 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 purchasing an additional 54,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in FMC by 44.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after purchasing an additional 707,727 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.
FMC Stock Performance
Shares of FMC stock opened at $38.23 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The business's 50 day moving average price is $39.36 and its 200 day moving average price is $47.05. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 14.06, a PEG 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.
FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The company's quarterly 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 EPS for the current year.
FMC Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 6.07%. FMC's dividend payout ratio (DPR) is 88.55%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 target price for the company. KeyCorp increased their price objective on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup boosted 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. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Friday, April 25th. Finally, Bank of America reiterated an "underperform" rating and set a $48.00 price objective (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. One research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $49.46.
Check Out Our Latest Stock Report on FMC
Insider Activity
In other FMC news, Director Carol Anthony Davidson bought 6,000 shares of FMC stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction 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 $223,980. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ronaldo Pereira purchased 5,600 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.
About FMC
(
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.
See Also
Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Co. (NYSE:FMC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FMC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FMC wasn't on the list.
While FMC currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
