Pallas Capital Advisors LLC Buys Shares of 32,370 FMC Co. (NYSE:FMC)

Pallas Capital Advisors LLC purchased a new stake in FMC Co. (NYSE:FMC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 32,370 shares of the basic materials company's stock, valued at approximately $1,366,000.

Several other large investors have also recently added to or reduced their stakes in the stock. WP Advisors LLC lifted its position in shares of FMC by 3.3% during the fourth quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company's stock worth $301,000 after purchasing an additional 200 shares during the last quarter. International Private Wealth Advisors LLC raised its holdings in shares of FMC by 3.8% during the fourth quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company's stock valued at $272,000 after buying an additional 205 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of FMC by 34.7% during the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after buying an additional 255 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of FMC by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company's stock valued at $1,761,000 after buying an additional 285 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of FMC by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock valued at $2,905,000 after acquiring an additional 286 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group initiated coverage on shares of FMC in a research note on Thursday, March 13th. They issued a "buy" rating and a $51.00 price objective for the company. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective on the stock in a report on Friday, April 25th. UBS Group upped their target price 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, Wall Street Zen lowered shares of FMC from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, FMC presently has an average rating of "Hold" and a consensus price target of $49.46.

FMC Stock Down 1.5%

FMC traded down $0.64 during trading hours on Thursday, hitting $43.33. 1,148,475 shares of the company's stock were exchanged, compared to its average volume of 2,022,410. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.55. The stock's 50-day moving average is $39.06 and its two-hundred day moving average is $44.19. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 15.93, a PEG 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 (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The firm had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. Sell-side analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Monday, June 30th. FMC's dividend 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.