Schonfeld Strategic Advisors LLC Buys 48,951 Shares of FMC Co. (NYSE:FMC)

Schonfeld Strategic Advisors LLC grew its position in shares of FMC Co. (NYSE:FMC - Free Report) by 1,037.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,671 shares of the basic materials company's stock after buying an additional 48,951 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in FMC were worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WP Advisors LLC lifted its holdings in FMC by 3.3% during the fourth quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company's stock worth $301,000 after acquiring an additional 200 shares during the period. International Private Wealth Advisors LLC raised its stake in shares of FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company's stock worth $272,000 after purchasing an additional 205 shares during the period. Blue Trust Inc. boosted its holdings in shares of FMC by 9.9% in the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company's stock worth $127,000 after buying an additional 236 shares during the last quarter. Principal Securities Inc. grew its position in FMC by 34.7% during the fourth 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. Finally, Arizona State Retirement System increased its holdings in FMC by 0.8% during the fourth quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company's stock worth $1,761,000 after buying an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Buying and Selling at FMC

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

FMC Price Performance

FMC stock traded up $1.61 during mid-day trading on Thursday, reaching $36.59. 2,477,605 shares of the company traded hands, compared to its average volume of 2,044,499. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.72. The company has a market capitalization of $4.57 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.90 and a beta of 0.80. 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 fifty day moving average price of $39.36 and a 200-day moving average price of $47.77.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. During the same quarter in the prior year, the firm posted $0.36 EPS. FMC's revenue was down 13.8% on a year-over-year basis. As a group, analysts anticipate that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.34%. FMC's dividend payout ratio is currently 88.55%.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of FMC from $65.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Vertical Research upgraded FMC to a "hold" rating in a research note on Wednesday, February 5th. Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Friday, April 25th. Royal Bank of Canada cut FMC from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $78.00 to $47.00 in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price objective on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.46.

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.