US Asset Management LLC Acquires Shares of 3,437 FMC Co. (NYSE:FMC)

US Asset Management LLC purchased a new stake in shares of FMC Co. (NYSE:FMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,437 shares of the basic materials company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FMC. Picton Mahoney Asset Management purchased a new position in shares of FMC during the 4th quarter valued at $437,000. Everpar Advisors LLC bought a new position in FMC in the 4th quarter worth about $357,000. Charles Schwab Investment Management Inc. raised its holdings in shares of FMC by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,779 shares of the basic materials company’s stock valued at $66,567,000 after acquiring an additional 62,739 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of FMC by 126.3% during the 4th quarter. Private Advisor Group LLC now owns 7,422 shares of the basic materials company’s stock valued at $468,000 after acquiring an additional 4,143 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of FMC by 5.9% during the fourth quarter. Metis Global Partners LLC now owns 8,452 shares of the basic materials company’s stock worth $533,000 after purchasing an additional 468 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 3.4 %

Shares of FMC traded up $2.18 on Thursday, hitting $67.02. 1,347,201 shares of the stock traded hands, compared to its average volume of 1,983,840. The business has a 50 day simple moving average of $60.99 and a 200 day simple moving average of $57.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. FMC Co. has a one year low of $49.49 and a one year high of $112.10. The company has a market capitalization of $8.37 billion, a PE ratio of 6.16, a P/E/G ratio of 1.99 and a beta of 0.88.

FMC (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. FMC’s revenue for the quarter was down 31.7% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. As a group, equities analysts forecast that FMC Co. will post 3.88 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, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, June 28th. This represents a $2.32 annualized dividend and a yield of 3.46%. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target for the company. in a research note on Wednesday, February 7th. BMO Capital Markets cut their price objective on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Royal Bank of Canada decreased their price target on shares of FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. KeyCorp increased their target price on shares of FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Bank of America downgraded shares of FMC from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.69.

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.