Bayforest Capital Ltd Grows Stock Position in FMC Corporation (NYSE:FMC)

Bayforest Capital Ltd lifted its holdings in FMC Corporation (NYSE:FMC - Free Report) by 19,282.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,933 shares of the basic materials company's stock after acquiring an additional 20,825 shares during the period. Bayforest Capital Ltd's holdings in FMC were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Janus Henderson Group PLC lifted its position in shares of FMC by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock worth $2,905,000 after buying an additional 286 shares in the last quarter. Algert Global LLC raised its position in FMC by 0.5% during the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 300 shares during the period. Treasurer of the State of North Carolina raised its position in FMC by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 54,754 shares of the basic materials company's stock valued at $2,662,000 after purchasing an additional 350 shares during the period. Oak Thistle LLC raised its position in FMC by 5.5% during the first quarter. Oak Thistle LLC now owns 7,653 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 398 shares during the period. Finally, Golden State Wealth Management LLC raised its position in FMC by 66.6% during the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 402 shares during the period. Institutional investors own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. KeyCorp upped their price objective on FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Royal Bank Of Canada decreased their price objective on FMC from $47.00 to $42.00 and set a "sector perform" rating on the stock in a research report on Friday. Morgan Stanley decreased their price objective on FMC from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday. UBS Group cut their target price on FMC from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, FMC presently has a consensus rating of "Hold" and a consensus price target of $50.38.

FMC Trading Down 2.6%

NYSE:FMC traded down $1.01 during midday trading on Friday, hitting $38.03. The stock had a trading volume of 2,269,338 shares, compared to its average volume of 2,615,308. The company has a quick ratio of 1.12, a current ratio of 1.54 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 1.33 and a beta of 0.77. The stock has a 50-day moving average of $42.10 and a 200 day moving average of $41.66. FMC Corporation has a one year low of $32.83 and a one year high of $67.75.

FMC (NYSE:FMC - Get Free Report) last announced its 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. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $995.15 million. FMC had a return on equity of 9.32% and a net margin of 2.42%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. As a group, sell-side analysts forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a $0.58 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.1%. FMC's dividend payout ratio (DPR) is 290.00%.

FMC 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.