International Assets Investment Management LLC Acquires New Stake in FMC Co. (NYSE:FMC)

International Assets Investment Management LLC acquired a new stake in shares of FMC Co. (NYSE:FMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,477 shares of the basic materials company's stock, valued at approximately $5,705,000. International Assets Investment Management LLC owned about 0.07% of FMC as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of FMC by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company's stock valued at $1,850,913,000 after acquiring an additional 258,552 shares during the last quarter. BlackRock Inc. increased its holdings in shares of FMC by 2.0% during the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company's stock valued at $1,421,276,000 after acquiring an additional 228,436 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of FMC by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company's stock valued at $728,745,000 after acquiring an additional 1,634,535 shares during the last quarter. State Street Corp increased its holdings in shares of FMC by 1.8% during the 1st quarter. State Street Corp now owns 5,683,520 shares of the basic materials company's stock valued at $697,341,000 after acquiring an additional 101,627 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of FMC by 29.3% during the 3rd quarter. Morgan Stanley now owns 2,822,117 shares of the basic materials company's stock valued at $188,997,000 after acquiring an additional 639,925 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Price Performance

Shares of FMC stock traded down $1.31 during midday trading on Tuesday, hitting $55.43. 1,499,935 shares of the company were exchanged, compared to its average volume of 2,008,944. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The firm has a market cap of $6.92 billion, a P/E ratio of 5.26, a PEG ratio of 1.83 and a beta of 0.87. FMC Co. has a 52 week low of $49.49 and a 52 week high of $125.20. The firm has a 50 day simple moving average of $58.58 and a 200-day simple moving average of $58.34.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same quarter last year, the business earned $2.37 EPS. Research analysts forecast that FMC Co. will post 3.88 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th will be given a $0.58 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.32 annualized dividend and a yield of 4.19%. FMC's payout ratio is 22.03%.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of the business's stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

FMC has been the topic of a number of research analyst reports. BMO Capital Markets lowered their target price on FMC from $63.00 to $61.00 and set a "market perform" rating on the stock in a report on Wednesday, February 7th. StockNews.com raised FMC from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th. Loop Capital raised their target price on FMC from $55.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, March 19th. UBS Group raised FMC from a "neutral" rating to a "buy" rating and raised their target price for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, Roth Mkm assumed coverage on FMC in a report on Thursday, January 4th. They issued a "buy" rating and a $74.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FMC has an average rating of "Hold" and an average target price of $71.75.

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.