Two Sigma Investments LP Has $31.11 Million Holdings in FMC Co. (NYSE:FMC)

Two Sigma Investments LP lessened its holdings in FMC Co. (NYSE:FMC - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 639,989 shares of the basic materials company's stock after selling 140,788 shares during the period. Two Sigma Investments LP owned about 0.51% of FMC worth $31,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in FMC during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in FMC during the fourth quarter valued at approximately $37,000. IFP Advisors Inc grew its position in FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 379 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

FMC has been the subject of a number of research reports. The Goldman Sachs Group began coverage on shares of FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 target price for the company. Royal Bank of Canada cut FMC from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. KeyCorp boosted their target price on FMC from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen lowered FMC from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, BMO Capital Markets reduced their price target on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, FMC currently has a consensus rating of "Hold" and an average price target of $49.46.

FMC Stock Performance

Shares of FMC stock traded up $0.23 during trading on Monday, reaching $38.24. The company had a trading volume of 1,148,971 shares, compared to its average volume of 2,059,101. The firm's 50 day simple moving average is $38.94 and its two-hundred day simple moving average is $45.55. FMC Co. 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 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market capitalization of $4.78 billion, a PE ratio of 14.06, a PEG ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The company had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. During the same quarter last year, the company posted $0.36 earnings per share. The company's revenue for the quarter was down 13.8% compared to the same quarter last year. Sell-side analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend is Monday, June 30th. FMC's dividend payout ratio is currently 88.55%.

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.