Y Intercept Hong Kong Ltd Acquires 17,326 Shares of FMC Corporation (NYSE:FMC)

Y Intercept Hong Kong Ltd increased its stake in shares of FMC Corporation (NYSE:FMC - Free Report) by 74.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,683 shares of the basic materials company's stock after purchasing an additional 17,326 shares during the period. Y Intercept Hong Kong Ltd's holdings in FMC were worth $1,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMC. HighTower Advisors LLC boosted its holdings in shares of FMC by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 7,766 shares of the basic materials company's stock worth $377,000 after buying an additional 437 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of FMC during the 4th quarter valued at $214,000. Teacher Retirement System of Texas increased its stake in shares of FMC by 115.7% in the 4th quarter. Teacher Retirement System of Texas now owns 40,084 shares of the basic materials company's stock worth $1,948,000 after purchasing an additional 21,500 shares in the last quarter. American Century Companies Inc. raised its holdings in FMC by 224.6% in the 4th quarter. American Century Companies Inc. now owns 135,056 shares of the basic materials company's stock worth $6,565,000 after purchasing an additional 93,451 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in FMC during the fourth quarter valued at $1,547,000. Institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company upgraded FMC from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $41.00 to $50.00 in a research report on Monday, June 23rd. Royal Bank Of Canada lifted their price target on shares of FMC from $40.00 to $47.00 and gave the company a "sector perform" rating in a report on Thursday, July 10th. Mizuho upgraded shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a research report on Friday, April 25th. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, KeyCorp lifted their target price on shares of FMC from $53.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $51.15.

FMC Price Performance

FMC traded up $0.97 during trading hours on Friday, hitting $43.26. The company's stock had a trading volume of 1,146,569 shares, compared to its average volume of 1,369,217. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.40 and a beta of 0.77. The business's 50-day moving average price is $41.95 and its 200-day moving average price is $41.85. The company has a current ratio of 1.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. FMC Corporation has a 12 month low of $32.83 and a 12 month high of $68.55.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.10. The business had revenue of $791.40 million during the quarter, compared to analysts' expectations of $783.70 million. FMC had a net margin of 7.97% and a return on equity of 9.12%. The business's revenue was down 13.8% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Sell-side analysts expect that FMC Corporation will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.32 annualized dividend and a yield of 5.36%. FMC's payout ratio is presently 88.55%.

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.