Algert Global LLC Has $5.41 Million Holdings in FMC Corporation $FMC

Key Points

• Algert Global LLC significantly increased its stake in FMC Corporation by 117.3% to a total of 128,306 shares, valued at approximately $5.41 million.
• FMC reported $0.69 earnings per share for the last quarter, surpassing analyst expectations of $0.59 and generating revenue of $1.05 billion.
• The company declared a quarterly dividend of $0.58 per share, translating to an annualized yield of 6.1%, with a notably high payout ratio of 290%.

Algert Global LLC boosted its stake in FMC Corporation (NYSE:FMC - Free Report) by 117.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,306 shares of the basic materials company's stock after purchasing an additional 69,254 shares during the quarter. Algert Global LLC owned about 0.10% of FMC worth $5,413,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FMC. New South Capital Management Inc. lifted its position in FMC by 9.7% during the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company's stock valued at $23,037,000 after buying an additional 48,431 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in FMC by 608.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company's stock valued at $4,294,000 after buying an additional 87,368 shares in the last quarter. Amalgamated Bank lifted its position in FMC by 56.1% during the first quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company's stock valued at $1,591,000 after buying an additional 13,556 shares in the last quarter. GAMMA Investing LLC lifted its position in FMC by 114.8% during the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company's stock valued at $179,000 after buying an additional 2,269 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in FMC by 560.3% during the first quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company's stock valued at $632,000 after buying an additional 12,713 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FMC. Morgan Stanley reduced their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. UBS Group reduced their target price on shares of FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their price target on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Finally, KeyCorp lifted their price target on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.58.

Insider Activity

In other news, VP Jacqueline Scanlan sold 1,510 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $37.49, for a total transaction of $56,609.90. Following the completion of the transaction, the vice president owned 36,834 shares of the company's stock, valued at approximately $1,380,906.66. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company's stock.

FMC Stock Performance

FMC stock traded up $1.3240 during trading on Friday, hitting $40.6640. 1,566,145 shares of the company's stock traded hands, compared to its average volume of 2,538,070. FMC Corporation has a 52 week low of $32.83 and a 52 week high of $67.75. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $40.93 and a two-hundred day moving average price of $39.83.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $995.15 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. As a group, equities analysts anticipate that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.7%. FMC's payout ratio is 290.00%.

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.