Quantinno Capital Management LP Buys 10,980 Shares of FMC Co. (NYSE:FMC)

Quantinno Capital Management LP raised its holdings in FMC Co. (NYSE:FMC - Free Report) by 135.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,094 shares of the basic materials company's stock after acquiring an additional 10,980 shares during the quarter. Quantinno Capital Management LP's holdings in FMC were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FMC. Golden State Wealth Management LLC acquired a new stake in FMC in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its stake 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 worth $36,000 after buying an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of FMC in the fourth quarter worth $37,000. IFP Advisors Inc lifted its stake 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 worth $47,000 after buying an additional 379 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock worth $48,000 after buying an additional 255 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

FMC stock traded up $0.08 on Thursday, reaching $39.54. 290,604 shares of the company were exchanged, compared to its average volume of 2,053,257. The firm has a market capitalization of $4.94 billion, a PE ratio of 14.54, a PEG ratio of 1.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The stock's fifty day moving average price is $38.73 and its 200 day moving average price is $45.32. FMC Co. has a 12 month low of $32.83 and a 12 month high of $68.55.

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, beating the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business's revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, research analysts anticipate that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared 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. This represents a $2.32 annualized dividend and a yield of 5.87%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio (DPR) is presently 88.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on FMC shares. Bank of America restated an "underperform" rating and issued a $48.00 price objective (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Redburn Atlantic cut shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. UBS Group boosted their price objective on shares of FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. KeyCorp boosted their price objective 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, Vertical Research upgraded shares of FMC to a "hold" rating in a research note on Wednesday, February 5th. Two research 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's stock. Based on data from MarketBeat.com, FMC has an average rating of "Hold" and a consensus target price of $49.46.

Insider Buying and Selling at FMC

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

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.