United Services Automobile Association Invests $317,000 in FMC Corporation $FMC

Key Points

• United Services Automobile Association acquired a new position in FMC Corporation, buying 7,518 shares valued at approximately $317,000 during the 1st quarter of the year.
• FMC reported $0.69 EPS for the recent quarter, surpassing analysts' expectations of $0.59, and announced a quarterly dividend of $0.58 per share set to be paid on October 16th.
• Analyst ratings for FMC are mixed, with five analysts giving a Buy rating, seven a Hold, and one a Sell, resulting in a consensus rating of Hold and an average price target of $49.58.

United Services Automobile Association bought a new stake in FMC Corporation (NYSE:FMC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,518 shares of the basic materials company's stock, valued at approximately $317,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in FMC by 286.0% in the 1st 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 buying an additional 3,329,974 shares in the last quarter. AQR Capital Management LLC increased its position in FMC by 1,199.9% in 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 buying an additional 3,342,888 shares in the last quarter. Dimensional Fund Advisors LP increased its position in FMC by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company's stock valued at $115,736,000 after buying an additional 457,094 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in FMC by 22.7% in the 1st quarter. Brandywine Global Investment Management LLC now owns 2,284,267 shares of the basic materials company's stock valued at $96,373,000 after buying an additional 423,210 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in FMC by 9.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,641,657 shares of the basic materials company's stock valued at $69,274,000 after buying an additional 146,048 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

FMC Stock Performance

Shares of NYSE:FMC traded down $0.11 during trading on Thursday, hitting $37.16. 1,531,975 shares of the company were exchanged, compared to its average volume of 1,552,316. The company has a market cap of $4.64 billion, a PE ratio of 46.45, a P/E/G ratio of 1.16 and a beta of 0.76. FMC Corporation has a 52-week low of $32.83 and a 52-week high of $67.75. The stock has a 50 day moving average of $39.14 and a 200 day moving average of $39.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $995.15 million. FMC had a net margin of 2.42% and a return on equity of 9.36%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. As a group, equities research analysts predict that FMC Corporation will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 30th. FMC's dividend payout ratio is currently 290.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FMC. Barclays decreased their target price on FMC from $49.00 to $48.00 and set an "overweight" rating for the company in a research report on Wednesday, August 13th. Royal Bank Of Canada decreased their target price on FMC from $47.00 to $42.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Wells Fargo & Company raised FMC from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $41.00 to $50.00 in a report on Monday, June 23rd. KeyCorp boosted their price objective on FMC from $53.00 to $61.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Wall Street Zen raised FMC from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $49.58.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 1,510 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $37.49, for a total transaction of $56,609.90. Following the transaction, the vice president directly owned 36,834 shares of the company's stock, valued at approximately $1,380,906.66. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

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.