Rhumbline Advisers Buys 70,815 Shares of FMC Co. (NYSE:FMC)

Rhumbline Advisers boosted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 31.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,085 shares of the basic materials company's stock after purchasing an additional 70,815 shares during the quarter. Rhumbline Advisers owned about 0.24% of FMC worth $12,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMC. WP Advisors LLC boosted its holdings in FMC by 3.3% in the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 200 shares during the period. International Private Wealth Advisors LLC raised its stake in shares of FMC by 3.8% in the 4th 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 in the last quarter. Principal Securities Inc. boosted its position in shares of FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares in the last quarter. Arizona State Retirement System boosted its position in shares of FMC by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company's stock valued at $1,761,000 after acquiring an additional 285 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in FMC by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company's stock worth $2,905,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Stock Down 1.5%

FMC traded down $0.64 during trading on Thursday, reaching $43.33. The company had a trading volume of 1,148,472 shares, compared to its average volume of 2,022,268. The company has a market cap of $5.41 billion, a P/E ratio of 15.93, a PEG ratio of 1.90 and a beta of 0.76. FMC Co. has a 12 month low of $32.83 and a 12 month high of $68.55. 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 business's fifty day moving average price is $38.90 and its 200 day moving average price is $44.31.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for 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 firm's revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Equities analysts anticipate that FMC Co. will post 3.48 EPS for the current 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 paid a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.35%. FMC's payout ratio is currently 88.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FMC shares. The Goldman Sachs Group assumed coverage on shares of FMC in a research report on Thursday, March 13th. They issued a "buy" rating and a $51.00 price target on the stock. Wells Fargo & Company decreased their target price on FMC from $43.00 to $41.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target for the company. in a report on Friday, February 14th. Wall Street Zen cut shares of FMC from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Mizuho upgraded 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, FMC presently has a consensus rating of "Hold" and a consensus target price of $49.46.

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.