FMC Co. (NYSE:FMC) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in FMC Co. (NYSE:FMC - Free Report) by 154.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,292 shares of the basic materials company's stock after acquiring an additional 29,908 shares during the period. Mackenzie Financial Corp's holdings in FMC were worth $2,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FMC. Norges Bank purchased a new stake in shares of FMC in the fourth quarter valued at about $49,888,000. Invesco Ltd. boosted its holdings in shares of FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after acquiring an additional 977,110 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FMC by 44.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock valued at $111,131,000 after acquiring an additional 707,727 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of FMC by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company's stock valued at $101,509,000 after acquiring an additional 685,995 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of FMC by 762.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 484,040 shares of the basic materials company's stock valued at $23,529,000 after purchasing an additional 427,915 shares during the period. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FMC. Morgan Stanley reduced their price objective on shares of FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Bank of America reiterated an "underperform" rating and issued a $48.00 price objective (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. 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. Finally, KeyCorp raised their price objective on shares of FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $49.46.

FMC Trading Up 3.3%

Shares of NYSE:FMC traded up $1.29 during trading on Friday, reaching $40.61. The stock had a trading volume of 3,834,856 shares, compared to its average volume of 2,029,587. The business has a fifty day moving average price of $38.67 and a 200-day moving average price of $45.07. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The stock has a market cap of $5.07 billion, a P/E ratio of 14.93, a PEG ratio of 1.90 and a beta of 0.80. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.55.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating 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 previous year, the firm posted $0.36 EPS. FMC's revenue was down 13.8% on a year-over-year basis. As a group, analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 annualized dividend and a yield of 5.71%. FMC's dividend payout ratio (DPR) is presently 88.55%.

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.