FMC Co. (NYSE:FMC) Shares Acquired by Centre Asset Management LLC

Centre Asset Management LLC raised its stake in FMC Co. (NYSE:FMC - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 191,320 shares of the basic materials company's stock after purchasing an additional 47,433 shares during the period. FMC accounts for approximately 2.1% of Centre Asset Management LLC's investment portfolio, making the stock its 20th biggest position. Centre Asset Management LLC owned approximately 0.15% of FMC worth $8,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of FMC by 17.3% in the third quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock worth $20,465,000 after acquiring an additional 45,752 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of FMC by 20.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,909 shares of the basic materials company's stock worth $93,000 after buying an additional 320 shares during the period. Blue Trust Inc. grew its position in shares of FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company's stock worth $127,000 after buying an additional 236 shares during the period. Pacer Advisors Inc. grew its position in FMC by 77.0% in the 4th quarter. Pacer Advisors Inc. now owns 34,834 shares of the basic materials company's stock valued at $1,693,000 after purchasing an additional 15,152 shares during the period. Finally, Washington Capital Management Inc. grew its position in FMC by 77.8% in the 4th quarter. Washington Capital Management Inc. now owns 9,600 shares of the basic materials company's stock valued at $467,000 after purchasing an additional 4,200 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

NYSE:FMC traded down $1.26 during mid-day trading on Monday, reaching $39.30. The company's stock had a trading volume of 461,916 shares, compared to its average volume of 2,023,550. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.55. The firm's fifty day moving average price is $38.67 and its two-hundred day moving average price is $44.93. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The stock has a market cap of $4.91 billion, a P/E ratio of 14.46, a PEG ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.10. The company had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. FMC's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, equities analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.90%. FMC's payout ratio is 88.55%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Vertical Research raised shares of FMC to a "hold" rating in a report on Wednesday, February 5th. Morgan Stanley lowered their price objective on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada cut FMC from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Barclays reduced their price target on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Finally, Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $49.46.

Insider Activity at FMC

In other news, Director Carol Anthony Davidson acquired 6,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronaldo Pereira bought 5,600 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares of the company's stock, valued at approximately $1,746,899.49. The trade was a 12.95% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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.