WBI Investments LLC Acquires New Position in FMC Corporation $FMC

Key Points

• WBI Investments LLC has invested approximately $3.26 million in FMC Corporation, acquiring 77,256 shares, which now constitutes about 0.9% of its investment portfolio.
• FMC reported earnings per share of $0.69 for the last quarter, surpassing analysts' expectations, and has declared a quarterly dividend of $0.58 per share with a yield of 6.3%.
• Recent analyst ratings show a mixed outlook for FMC, with five analysts giving it a Buy rating and a consensus target price of $49.58.

WBI Investments LLC acquired a new position in shares of FMC Corporation (NYSE:FMC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 77,256 shares of the basic materials company's stock, valued at approximately $3,259,000. FMC accounts for about 0.9% of WBI Investments LLC's holdings, making the stock its 20th largest holding. WBI Investments LLC owned approximately 0.06% of FMC at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in FMC by 286.0% during 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 period. AQR Capital Management LLC lifted its position in FMC by 1,199.9% during the first quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company's stock valued at $151,071,000 after purchasing an additional 3,342,888 shares during the period. Dimensional Fund Advisors LP lifted its position in 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 valued at $115,736,000 after purchasing an additional 457,094 shares during the period. Brandywine Global Investment Management LLC lifted its position in FMC by 22.7% during the first 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 purchasing an additional 423,210 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in FMC by 9.8% during the first quarter. Ameriprise Financial Inc. now owns 1,641,657 shares of the basic materials company's stock valued at $69,274,000 after purchasing an additional 146,048 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 1,510 shares of the company's stock in a transaction dated 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 approximately $1,380,906.66. This represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FMC. KeyCorp boosted their target price on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Royal Bank Of Canada cut 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. UBS Group cut their price objective on shares of FMC from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company raised shares of FMC from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $41.00 to $50.00 in a report on Monday, June 23rd. Finally, Morgan Stanley cut their price objective on shares of FMC from $46.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Five 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $49.58.

FMC Price Performance

Shares of FMC stock traded up $0.13 on Friday, reaching $38.33. 1,983,978 shares of the company were exchanged, compared to its average volume of 1,466,795. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 47.91, a P/E/G ratio of 1.19 and a beta of 0.76. The business has a 50-day moving average price of $39.61 and a 200 day moving average price of $39.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.53. FMC Corporation has a 1 year low of $32.83 and a 1 year high of $67.75.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.10. The business had revenue of $1.05 billion during 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 company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities research analysts forecast that FMC Corporation 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, October 16th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.1%. FMC's payout ratio is currently 290.00%.

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.