Teza Capital Management LLC Sells 20,951 Shares of FMC Co. (NYSE:FMC)

Teza Capital Management LLC reduced its position in FMC Co. (NYSE:FMC - Free Report) by 48.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,019 shares of the basic materials company's stock after selling 20,951 shares during the period. Teza Capital Management LLC's holdings in FMC were worth $1,070,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company's stock valued at $56,602,000 after purchasing an additional 28,059 shares during the period. Raymond James Financial Inc. acquired a new stake in FMC during the fourth quarter valued at approximately $5,573,000. Caprock Group LLC acquired a new stake in FMC during the fourth quarter valued at approximately $208,000. Asset Management One Co. Ltd. grew its holdings in shares of FMC by 21.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,416 shares of the basic materials company's stock valued at $167,000 after purchasing an additional 607 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in FMC by 53.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,363 shares of the basic materials company's stock worth $704,000 after buying an additional 5,025 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Down 3.2%

Shares of NYSE FMC traded down $1.30 during mid-day trading on Wednesday, reaching $39.29. The company had a trading volume of 1,562,665 shares, compared to its average volume of 2,058,769. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The stock has a market capitalization of $4.91 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.55. The stock's 50 day moving average is $39.12 and its 200-day moving average is $46.11.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. The firm had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business's quarterly 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. As a group, equities analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

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 paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend is Monday, June 30th. FMC's payout ratio is presently 88.55%.

Insider Activity at FMC

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FMC. Vertical Research upgraded FMC to a "hold" rating in a research report on Wednesday, February 5th. StockNews.com downgraded FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research report on Friday, April 25th. The Goldman Sachs Group initiated coverage on FMC in a research report on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. Finally, Barclays cut their price objective on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.