Sage Rhino Capital LLC Purchases Shares of 6,402 FMC Corporation (NYSE:FMC)

Sage Rhino Capital LLC bought a new position in shares of FMC Corporation (NYSE:FMC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,402 shares of the basic materials company's stock, valued at approximately $270,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in FMC by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock worth $743,338,000 after buying an additional 180,766 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of FMC by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after acquiring an additional 321,241 shares in the last quarter. Invesco Ltd. lifted its stake in shares of FMC by 37.8% in the 4th quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after purchasing an additional 977,110 shares during the period. Geode Capital Management LLC boosted its position in shares of FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after purchasing an additional 54,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 worth $111,131,000 after purchasing an additional 707,727 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Stock Performance

Shares of FMC stock traded down $0.33 during trading hours on Monday, reaching $42.06. The company had a trading volume of 1,265,322 shares, compared to its average volume of 2,699,516. The firm has a market cap of $5.25 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The business has a fifty day moving average price of $40.91 and a 200-day moving average price of $42.27. FMC Corporation has a one year low of $32.83 and a one year high of $68.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.54.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. The business had revenue of $791.40 million during the quarter, compared to analyst estimates of $783.70 million. FMC had a net margin of 7.97% and a return on equity of 9.12%. The company's quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Sell-side analysts predict that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Monday, June 30th. FMC's payout ratio is 88.55%.

Analyst Ratings Changes

FMC has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays raised their target price on shares of FMC from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a report on Friday, April 25th. KeyCorp upped their price target on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Royal Bank Of Canada lifted their price objective on FMC from $40.00 to $47.00 and gave the company a "sector perform" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, FMC presently has an average rating of "Hold" and a consensus price target of $51.15.

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.