SG Americas Securities LLC Buys 12,713 Shares of FMC Corporation (NYSE:FMC)

SG Americas Securities LLC raised its position in shares of FMC Corporation (NYSE:FMC - Free Report) by 560.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,982 shares of the basic materials company's stock after purchasing an additional 12,713 shares during the quarter. SG Americas Securities LLC's holdings in FMC were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FMC. EverSource Wealth Advisors LLC raised its holdings in 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. purchased a new position in FMC in the fourth quarter worth about $37,000. IFP Advisors Inc raised its holdings in 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. Principal Securities Inc. raised its holdings in 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. Finally, Central Pacific Bank Trust Division purchased a new position in FMC in the first quarter worth about $55,000. 91.86% of the stock is currently owned by institutional investors.

FMC Price Performance

Shares of FMC traded down $0.55 during mid-day trading on Friday, reaching $41.07. The stock had a trading volume of 2,360,968 shares, compared to its average volume of 2,020,632. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.24 and a beta of 0.76. FMC Corporation has a 12 month low of $32.83 and a 12 month high of $68.55. The business has a fifty day moving average of $39.75 and a 200 day moving average of $43.25. 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 posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping 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 revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Equities analysts predict that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 5.65%. FMC's dividend payout ratio is 88.55%.

Analysts Set New Price Targets

Several research analysts have issued reports on FMC shares. Wall Street Zen raised shares of FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Wells Fargo & Company decreased their target price on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a report on Friday, April 25th. UBS Group boosted their price objective on shares of FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group began coverage on shares of FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, FMC has a consensus rating of "Hold" and a consensus target price of $49.46.

About FMC

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.