GAMMA Investing LLC Acquires 177,121 Shares of FMC Co. (NYSE:FMC)

GAMMA Investing LLC increased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 8,963.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,097 shares of the basic materials company's stock after acquiring an additional 177,121 shares during the period. GAMMA Investing LLC owned about 0.14% of FMC worth $7,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in FMC in the fourth quarter valued at $29,000. EverSource Wealth Advisors LLC raised its position in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the fourth quarter valued at approximately $37,000. IFP Advisors Inc raised its position in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. increased its holdings in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock worth $48,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Mizuho raised 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. Wells Fargo & Company lowered their price target on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. 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. KeyCorp lifted their price target on shares of FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group started coverage on shares of FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $49.46.

FMC Stock Performance

NYSE FMC traded up $0.01 during trading on Wednesday, hitting $44.05. The company's stock had a trading volume of 1,591,230 shares, compared to its average volume of 2,025,763. The firm has a market cap of $5.50 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 52 week low of $32.83 and a 52 week high of $68.55. The firm has a 50 day moving average price of $38.90 and a 200 day moving average price of $44.31.

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

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.27%. FMC's payout ratio is presently 88.55%.

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.