Teza Capital Management LLC Sells 15,693 Shares of FMC Corporation $FMC

Key Points

• Teza Capital Management LLC has reduced its stake in FMC Corporation by 71.3%, selling 15,693 shares to hold a total of 6,326 shares valued at approximately $267,000.
• Several institutional investors increased their holdings in FMC, with AQR Capital Management boosting its stake by 1,199.9% to own 3,621,496 shares valued at $151,071,000.
• FMC announced a quarterly dividend of $0.58 per share, which brings the annualized dividend to $2.32 and reflects a yield of 6.1%, despite a high payout ratio of 290.00%.

Teza Capital Management LLC decreased its stake in FMC Corporation (NYSE:FMC - Free Report) by 71.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,326 shares of the basic materials company's stock after selling 15,693 shares during the period. Teza Capital Management LLC's holdings in FMC were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of FMC by 1,199.9% during the 1st quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company's stock valued at $151,071,000 after acquiring an additional 3,342,888 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FMC by 286.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company's stock valued at $189,618,000 after purchasing an additional 3,329,974 shares during the last quarter. Russell Investments Group Ltd. raised its position in FMC by 74.2% in the first quarter. Russell Investments Group Ltd. now owns 1,585,564 shares of the basic materials company's stock valued at $66,895,000 after purchasing an additional 675,207 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of FMC by 327.3% during the first quarter. Principal Financial Group Inc. now owns 627,540 shares of the basic materials company's stock valued at $26,476,000 after purchasing an additional 480,691 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of FMC by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company's stock worth $115,736,000 after purchasing an additional 457,094 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Morgan Stanley dropped their price target on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Barclays cut their price target on shares of FMC from $49.00 to $48.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $41.00 to $50.00 in a report on Monday, June 23rd. Finally, KeyCorp raised their target price on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.58.

Insider Activity

In other news, VP Jacqueline Scanlan sold 1,510 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $37.49, for a total transaction of $56,609.90. Following the completion of the sale, the vice president owned 36,834 shares of the company's stock, valued at $1,380,906.66. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.67% of the company's stock.

FMC Price Performance

FMC stock opened at $37.91 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 1.18 and a beta of 0.76. The company's fifty day simple moving average is $40.13 and its 200 day simple moving average is $39.94. FMC Corporation has a 12-month low of $32.83 and a 12-month high of $67.75.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%.The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. On average, analysts expect that FMC Corporation will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 6.1%. FMC's payout ratio is 290.00%.

FMC 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.

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