GSA Capital Partners LLP Purchases Shares of 12,973 FMC Corporation (NYSE:FMC)

GSA Capital Partners LLP purchased a new stake in FMC Corporation (NYSE:FMC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,973 shares of the basic materials company's stock, valued at approximately $547,000.

A number of other institutional investors have also recently bought and sold shares of FMC. Financial Harvest LLC bought a new position in FMC in the first quarter valued at approximately $29,000. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC in the fourth quarter worth $37,000. Golden State Wealth Management LLC lifted its position in shares of FMC by 66.6% in the first quarter. Golden State Wealth Management LLC now owns 1,006 shares of the basic materials company's stock worth $42,000 after purchasing an additional 402 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of FMC in the first quarter worth $55,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of FMC in the fourth quarter worth $62,000. Institutional investors own 91.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. KeyCorp boosted their price objective on shares of FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. UBS Group cut their price objective 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. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a research report on Friday, April 25th. Finally, Barclays upped their price target on shares of FMC from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, FMC has a consensus rating of "Hold" and an average price target of $50.38.

FMC Price Performance

Shares of FMC opened at $37.72 on Tuesday. The firm has a market capitalization of $4.71 billion, a PE ratio of 47.15, a PEG ratio of 1.38 and a beta of 0.75. The company's 50-day moving average is $42.08 and its 200-day moving average is $41.27. FMC Corporation has a fifty-two week low of $32.83 and a fifty-two week high of $67.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The company's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. Equities analysts forecast that FMC Corporation will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a dividend yield of 6.2%. FMC's dividend payout ratio is presently 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.

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