FMC Co. (NYSE:FMC) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lessened its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,019 shares of the basic materials company's stock after selling 20,951 shares during the quarter. Teza Capital Management LLC's holdings in FMC were worth $1,070,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FMC. Barclays PLC grew its stake in FMC by 17.3% during the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock valued at $20,465,000 after purchasing an additional 45,752 shares in the last quarter. Park Avenue Securities LLC grew its stake in FMC by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 5,024 shares of the basic materials company's stock valued at $244,000 after purchasing an additional 293 shares in the last quarter. Merit Financial Group LLC acquired a new stake in FMC during the 4th quarter valued at approximately $345,000. Hedges Asset Management LLC grew its stake in FMC by 25.0% during the 4th quarter. Hedges Asset Management LLC now owns 20,000 shares of the basic materials company's stock valued at $972,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in FMC by 20.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,909 shares of the basic materials company's stock valued at $93,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

Insider Buying and Selling

In other FMC news, insider Ronaldo Pereira bought 5,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was 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. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

FMC Stock Performance

Shares of NYSE FMC traded up $0.23 during mid-day trading on Friday, hitting $38.24. The company had a trading volume of 1,148,971 shares, compared to its average volume of 2,059,101. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.90 and a beta of 0.80. 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 firm's 50 day simple moving average is $38.94 and its two-hundred day simple moving average is $45.66.

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, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The business's revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. As a group, equities research analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio (DPR) is 88.55%.

Wall Street Analysts Forecast Growth

FMC has been the subject of a number of recent analyst reports. Redburn Atlantic lowered 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. Wall Street Zen lowered FMC from a "hold" rating to a "sell" rating in a research note on Saturday. Vertical Research raised FMC to a "hold" rating in a report on Wednesday, February 5th. The Goldman Sachs Group initiated coverage on FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 target price on the stock. Finally, KeyCorp increased their target price on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.