FMC Co. (NYSE:FMC) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its holdings in FMC Co. (NYSE:FMC - Free Report) by 762.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 484,040 shares of the basic materials company's stock after acquiring an additional 427,915 shares during the period. Balyasny Asset Management L.P. owned approximately 0.39% of FMC worth $23,529,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in FMC by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company's stock valued at $743,338,000 after purchasing an additional 180,766 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of FMC by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,375,911 shares of the basic materials company's stock worth $212,714,000 after buying an additional 321,241 shares during the period. Invesco Ltd. grew its stake in shares of FMC by 37.8% in the fourth quarter. Invesco Ltd. now owns 3,559,107 shares of the basic materials company's stock valued at $173,008,000 after buying an additional 977,110 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of FMC by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company's stock valued at $145,452,000 after buying an additional 54,017 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FMC by 44.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company's stock worth $111,131,000 after acquiring an additional 707,727 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insiders Place Their Bets

In other news, Director Carol Anthony Davidson acquired 6,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, with a total value of $223,980.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $223,980. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ronaldo Pereira bought 5,600 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares of the company's stock, valued at approximately $1,746,899.49. This represents 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 owned by insiders.

FMC Stock Performance

FMC opened at $35.70 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The business's 50 day moving average is $39.40 and its 200-day moving average is $47.86. The stock has a market cap of $4.46 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share 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 firm had revenue of $791.40 million for the quarter, compared to the consensus estimate of $783.70 million. During the same quarter in the previous year, the business earned $0.36 EPS. The firm's revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The business 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 dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 6.50%. FMC's payout ratio is 88.55%.

Analysts Set New Price Targets

Several analysts have issued reports on FMC shares. Vertical Research raised shares of FMC to a "hold" rating in a research report on Wednesday, February 5th. Mizuho raised shares of FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Friday, April 25th. UBS Group upped their price objective on shares of FMC from $38.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Citigroup raised their target price on FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada cut FMC from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.46.

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.

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